16
Mar
17:14
US OCTG prices remain stable despite rig fluctuations
Representative OCTG product P110 5.5-inch casing is $3,680-3,850/short ton in the US market, Kallanish understands.
“Prices are solid. Rigs count is leaking some in gas-directed basins. But for now, I don’t feel a surplus growing for P110, 5.5-inch. In fact, lead times are still into Q3,” says a distributor.
Baker-Hughes has reported four consecutive weeks of operational rig declines for the US. The last count posted US rigs at 74…
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Anonymous
Very good overview of the weekly steel market.
Anonymous