11
May
19:40
US OCTG product prices continue to decrease
The price of OCTG representative product P110 5.5-inch has decreased to $2,850-2,900/short ton from $2,900-3,000/st, Kallanish confirms.
US rigs dropped by seven in the week of 5 May to 748, an increase however of 43 operational rigs since 2022.
“Prices are under stress. There are some overstocked issues, but demand is still good in the oil basins,” a distributor explains.
US P110 5.5-inch product has decreased each week since holding in April …
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Anonymous
Very good overview of the weekly steel market.
Anonymous