15
Apr
21:38
Energy pipe pricing still languishes on weak demand
Despite rising skelp prices, US welded energy pipe prices remain stagnant due to the slumping North American rig count.
Market sources tell Kallanish that P110 domestic casing prices are unchanged at $900-950/short ton, despite recent hikes by Tenaris and TMK Ipsco.
One buy-side source says he is actively resisting any increases until his business picks up.
Concurrent increases in energy-related line pipe have also failed to take hold, says a Gulf Coa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous