13
Jan
22:05
Sources share conflicting outlooks for US OCTG prices
An oil and gas piping distribution source tells Kallanish that the OCTG market is highly cyclical and unpredictable, despite the 14-week price hold on OCTG P110 5.5-inch product. Currently, the product is listed between $4,200-4,400/short ton.
“Since OCTG is used for one thing and one thing only, it is a feast or famine item. That is where the danger lies. When companies stop drilling, there is no other use for OCTG products. It is a cyclical business, and w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous