19
Jan
21:23
OCTG demand in US remains solid
US OCTG P110, 5.5-inch prices are holding at $4,200-4,400/short ton, Kallanish reports.
“Rig counts always take a dip in the first quarter of most years. Cap ex is disciplined but generally up for 2023. OCTG demand is still solid. Lead times are still Q2. There is little inventory for sale. Prices will stay firm at least until late Q2,” one OCTG distributor explains.
Prices for the equivalent week of 2022 ranged from $2,700-3,300/st.
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Anonymous
Very good overview of the weekly steel market.
Anonymous