02
May
19:48
OCTG pricing slides in US on drilling outlook
OCTG pricing in the US is weakening again, with spot sales unable to buoy themselves while domestic drilling is subdued, Kallanish hears from market participants.
Prices for welded P110 5.5-inch casing are down to $1,800-1,900/short ton from the previous week when prices were in a range of $1,900-2,050/st.
“The market is suffering from increases in imports and lack of drilling activity,” a Gulf Coast distributor says, adding: “Market…
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Anonymous
Very good overview of the weekly steel market.
Anonymous