09
Nov
21:39
US P110 prices hold steady on-week
Oil country tubular goods representative product P110 5.5-inch remains within the range of $2,050-2,150/short ton this week, Kallanish learns.
Despite the US losing seven operational rigs for the week ended 3 November and volatile crude prices, market participants report that demand for domestic P110 5.5-inch is consistent, with potential for a rebound (see Kallanish passim).
“The market is simply recovering," says a Gulf Coast distributor. "…
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Anonymous
Very good overview of the weekly steel market.
Anonymous