16
Feb
18:43
US prices soften on OCTG casing
US P110, 5.5-inch OCTG pricing has dropped to $3,870-4,055/short ton from last week when prices were assessed at $4,074-4,268/st, Kallanish understands.
“Imports are piling up and domestics are catching up. We are seeing natural gas rigs beginning to lay down. This allows certain sizes of casing to become temporarily unusable. Unusable means unsaleable, which strands capital and ties up cash," says one distributor "So, to generate needed…
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Anonymous
Very good overview of the weekly steel market.
Anonymous