23
Feb
19:39
US OCTG prices dip, natural gas rigs blamed
US OCTG P110 prices slipped to $3,680-3,850/short ton from $3,870-4,050/st for 5.5-inch material, Kallanish understands.
“Natural gas rigs are being laid to rest. Everyone has their eyes on their numbers. OCTG [buyers] fear their own shadows. All this in the face of rising scrap and HRC numbers,” a source explains.
The US gas rig count has hovered in the 150s for the month of February.
P110, 5.5-inch for the week of 23 February last year r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous