01
Sep
20:51
OCTG market continues 'rocking' in US
US OCTG prices remain highly elevated with no relief for buyers on the horizon, Kallanish hears from market sources.
Kallanish currently puts representative product P110 welded casing, 5.5-inch diameter, at $4,100-4,200/short ton - nearly double its year-ago price of $2,200-2,400/st.
With hot-rolled now sub-$900/st and demand holding strong, OCTG producers are enjoying fat margins, says one buyer.
“ERW is putting lots of margin in their p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous