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24 Aug

US OCTG prices hold steady

Prices of OCTG representative product P110 5.5-inch casing hover in the range of $2,000-2,200/st for another week, learns Kallanish. “Excess inventory continues to fulfill the bulk of casing needs. It’s a quiet time of year. It may also be the bottom,” explains a service-centre operator. In the equivalent week of 2022, prices for P110 5.5 transacted in the range of $4,100-4,200/st. All prices are ex-works domestic mill.
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