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08 Feb

OCTG pricing holds steady in US

OCTG representative product, welded P110 5.5-inch casing, continues to transact within the range of $2,000-2,090/short ton for a second consecutive week, Kallanish reports. A Gulf Coast distributor is optimistic that prices will begin to rise. The distributor explains that the plunge in natural gas prices below $2/MMBtu, West Texas Intermediate crude hovering in the mid-$70s/barrel, or Brent crude levels are not factors in this week's business. “Pipe de…
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