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18 Apr

US OCTG pricing weakens, drilling outlook soft

Pricing for OCTG in US has slid to a lower level after market participants report that the casing inventory is plentiful and they see little impetus for more oil and gas drilling. The price range for welded P110 5.5-inch casing dropped to $1,900-2,050/short ton this week, from $1,950-2,090/st last week, Kallanish  reports. A Gulf Coast distributor says inventory sale numbers are soft compared with replacement prices. At current crude and natural gas pri…
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