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09 Feb
19:23

OCTG prices hold, market anticipates slide

Representative OCTG product P110, 5.5-inch prices held between $4,074-4,268/short ton for the week of 9 February, Kallanish confirms. “Carbon is down 5% from the top, and I expect some slide in heavy wall premium connection prices as gas drilling continues to slow. For now, things are stable. The failed Tenaris and Benteler deal will drive costs up for Tenaris, which will keep upward pressure on prices for a bit. Then, we could see some softness as Bent…
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