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30 May

US OCTG pricing holds steady during holiday week

Pricing for OCTG in the US is flat this week, with market participants noting that it is typically a slow sales week due to the Memorial Day holiday.  The spot price for domestically produced P110 5.5-inch casing is unchanged week-on-week in a range of  $1,600-1,800/short ton, Kallanish hears. A Texas-based distributor’s assessment of market conditions calls out the lack of activity, even aside from the holiday break. “Customers take t…
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