16
Apr
14:27
NSSMC plans 10% OCTG hike
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) is planning to increase its prices for oil country tubular goods (OCTG) by 10% on the back of strong demand. Japanese mills are pushing for price increase more generally to cover higher costs, but for OCTG oil prices could support higher prices, Kallanish notes.
Higher oil and gas prices, with a barrel of oil now more than $70, has triggered high rig counts and a resumption in investment…
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Anonymous
Very good overview of the weekly steel market.
Anonymous