11
Jun
18:24
OCTG continues to ride skelp skywards
US oilcountry tubular goods prices continue to rise on the back of skyrocketing skelp, Kallanish learns from market sources.
US Steel recently announced a blanket increase of $125/short ton, which a Gulf Coast trader says is typical of increases now being launched for a variety of sizes and grades.
With skelp now selling for between $1,630-1,660/st, producers have no option but to pass along costs - even though demand remains muted.
“Supp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous