23
Mar
20:15
OCTG market concerns drive prices down
US OCTG representative product P110, 5.5-inch prices dropped this week to $3,350-3,550/short ton from $3680-3,850/st the week prior, Kallanish learns.
“The market has slowed but not stopped. Rising supply costs and lower wellhead prices are causing a ‘wait and see’ change-up in the industry. Rigs are being laid down at a faster rate in gas-directed basins. There’s even some caution from oil basin producers,” an OCTG distribu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous