23
Dec
18:31
US OCTG pricing gains strength
US oil country tubular goods pricing appears to be firming ahead of the holiday weekend, Kallanish learns from market sources.
“Pricing is firming and $1,000/short ton is low,” says one buy-side source. “Lead times are out and driving the lift. The outlook is much better than a year ago.”
He adds that imports remain a threat to pricing momentum, but a general uptick in oil prices should sustain it at least into the first quarter.
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Anonymous
Very good overview of the weekly steel market.
Anonymous