07
Nov
19:05
Tenaris tries to stop bleeding in US tubulars
Tenaris is pushing for higher oil country tubular good and line pipe base prices, but that is unlikely to move transaction prices upward, Kallanish learns from market sources.
Tenaris’ $50/short ton increase on both welded and seamless products will act as a “... tourniquet” for the market, says one buy-side source, without budging transaction prices from their $1,200-1,250/st rut.
He adds that the broad nature of the increase matches the ov…
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Anonymous
Very good overview of the weekly steel market.
Anonymous