26
Oct
21:45
OCTG prices hold steady on-week, market outlook positive
OCTG representative product P110 5.5-inch casing held week-on-week at $2,000-2,100/short ton, Kallanish learns.
“The outlook for Q4 and into 2025 is positive. I don’t see many low prices forthcoming. Last week, crude oil prices surged with the war. Inventories seem to be balanced now,” says the operator of a distribution centre.
The same source mentions mergers and acquisitions linking energy companies, including Chevron and Hess, which may hav…
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Anonymous
Very good overview of the weekly steel market.
Anonymous