10
Nov
19:06
US OCTG prices stay stuck in rut
US oil country tubular goods prices remain mired at about the $1,200-1,250/short ton price point despite a push for higher base pricing, Kallanish hears from market sources.
A price increase of $50/st spearheaded by Tenaris has acted as a “... tourniquet” for OCTG pricing, but any real advance will probably have to wait until the new year, says one buy-side source.
He adds that recent gains in the Baker Hughes rig count are lending some optimism t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous