17
Aug
18:52
US OCTG pricing enters second-half decline
US oil country tubular goods pricing has begun a slow, general decline, market sources tell Kallanish.
From their peak at around $,1850/short ton for domestic welded P110 material, prices have sunk to a more representative range of $1,700-1,800/st. All prices are ex-works, domestic mill.
That number is likely to come down fairly rapidly over the next few months, says one buy-side source.
"Peak price is behind us now," he says. "There's c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous