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07 Mar

OCTG market says US prices bottomed

Prices of OCTG representative product P110 5.5-inch casing remain transacting in the range of $1,950-2,090/short ton, Kallanish reports. Market participants believe no further decreases will occur in the foreseeable future. “The OCTG market is slowly moving in a positive direction. We’re beginning to see a few holes showing up in inventories. And a few orders validate that observation. Prices have finished the downward spiral,” says a Gulf Coast …
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