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13 Apr
20:48

US OCTG remains in holding pattern

US OCTG representative product P110, 5.5-inch casing prices held this week at $3,150-3,250/short ton, Kallanish reports. “My take on the week is that it is still quiet. Some distributors are getting nervous. Fewer orders are being placed by their customers. I believe that’s because their end users purchased in excess of their forecasted needs, hoping to get ahead of their competitors and ensure they weren’t waiting on pipe during the first half o…
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