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22 Feb

US OCTG pricing slips in risk-averse domestic market

The pricing of OCTG representative product P110 5.5-inch casing has slipped to $1,950-2,090/short ton in the US from last week’s range of $2,000-2,090/st, where prices had stagnated for four weeks. “We are at or very soon [will be] in a state of balanced inventories," a Gulf Coast distributor tells Kallanish. "However, some line items are still overstocked. Right now, the chief reason for limiting purchases is risk. Rather, risk avoidance. No…
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