14
Sep
21:12
US OCTG prices slip again
US oil country tubular goods pricing appears to be in a general slide, Kallanish hears from market sources.
Kallanish lowered its P110 domestic welded casing price on Friday to $1,550-1,600/short ton. All prices are ex-works, domestic mill.
Domestic overcapacity is fueling a race to the bottom as hungry mills look for scarce orders, says one Gulf Coast source.
A possible brake on price erosion, however, could be the labour situation at US Steel, he says. T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous