18
Jun
14:59
Skelp squeezes energy tube margins
US energy tube distributors are experiencing margin squeeze due to high skelp and lacklustre demand, Kallanish learns from market sources.
With hot-rolled at $1,630-1,660/short ton, US tube mills are asking for more than $2,000/st for basic welded oilcountry tubular goods (OCTG), says one Gulf Coast trader.
Yet, end-user demand remains low despite a steadily rising rig count, and so actual transaction pricing is closer to $1,850-2,000/st. In some case…
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Anonymous
Very good overview of the weekly steel market.
Anonymous