13
Jul
21:37
US P110 prices flat, may have bottomed
US representative OCTG product P110 5.5-inch prices held steady week-on-week at $2,000-2,200/short ton, Kallanish reports. After declining in the prior week, the current level is the lowest price range the product has hit in 2023.
“I think that we may have tagged the bottom. Crude is recovering, and gas hasn’t gotten worse," says one distributor. "The superheat is keeping natural gas demand firm and the prices stable."
The distribu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous