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31 Aug

US P110 prices flat, market sentiment may improve

Kallanish holds P110 5.5-inch OCTG representative product prices unchanged in a range of $2,000-2,200/short ton. Sources explain that mills have not issued new prices and, with few transactions, precise pricing is too variable. “The prices haven’t firmed up since last week. However, [the] Saudis cut their production, which only helps drive [US] demand for OCTG and line pipe. The 2024 forecast has barrels into the mid $90s, further strengthening demand…
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