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16 May

US OCTG market remains slow, prices stable

US domestic spot market prices for OCTG representative product P110 5.5-inch casing are flat week-on-week, still within a range of $1,800-1,900/short ton, Kallanish reports. “Pipe market still very slow," observes a Gulf Coast importer. "Prices haven’t moved from last week's lows.” OCTG pricing is less than half of the levels one year ago, according to Kallanish data. During Vallourec's first-quarter earnings call on Thursday,…
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