16
Apr
17:47
New OCTG hike pushes prices toward $2,000/st
Rising skelp prices continue to buoy US energy tubular prices, Kallanish hears from market sources.
Vallourec announced a price increase Friday morning of $175/short ton for its OCTG products, effective with third-quarter deliveries.
With hot-rolled now sitting at $1,400/st - and aiming for $1,450/st in the near future - tubular producers have no choice but to pick up the slack, says one Gulf Coast trader.
“Lead times on OCTG are firmly i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous