23
May
20:45
OCTG prices sink in the US
Pricing for domestically produced OCTG in the US has tumbled this week, Kallanish hears from market participants who note that sales volumes have slowed to a trickle.
Prices for P110 5.5-inch welded casing are now transacting within the range of $1,600-1,800/short ton. This is a dramatic drop from the previous three weeks when the range was $1,800-1,900/st.
The number of alloy casing sales this week was negligible, causing a lack of clarity around the produ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous