04
May
21:00
US OCTG prices slip on-week
Prices of OCTG representative product P110 5.5-inch casing have decreased to $2,900-3,000/short ton from $3,100-3,200/st, Kallanish learns.
The drop is attributed to “softer spot demand and some inventory build following weaker rig count and earnings week guidance,” explains a distributor. “It’s not a crash but a correction in the near term.”
Kallanish reports operational rigs each week on Friday and on the week ending 28 April, the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous