12
May
20:25
US OCTG prices stumble on oversupply
US oil country tubular goods prices slipped Friday as available supply begins to outpace demand, Kallanish learns from market sources.
Pricing for P110 domestic welded casing fell about $25/short ton to $1,700-1,750/st, the level it occupied several weeks ago.
Strong demand from the oil sector had been supporting prices, says one buy-side source, but that market’s direction has become increasingly unclear.
“Lots of product is being offered from…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous