27
Jun
20:25
US OCTG pricing holds steady for sixth week
Pricing for domestically produced OCTG in the US is flat for a sixth consecutive week, with market participants noting that rig counts are declining even though crude prices have been rising.
The price range of representative product P110 5.5-inch casing remains within a range of $1,600-1,800/short ton, Kallanish reports.
Sources explain that mergers and acquisitions have played a unique role in the recent drop of the US rig c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous