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30 Mar

US OCTG prices freeze on-week

Representative OCTG product P110, 5.5-inch prices are holding on-week at $3,350-3,550/short ton, learns Kallanish. "Canada's rig count reduction is a non-event. It’s a seasonal change. The big deal this week is HR 1, the House Energy bill. There’s a big focus on permitting. We’ll see what happens,” an OCTG distributor says, adding that hot rolled coil prices are also on the rise. Current transaction prices for HRC are between $1,…
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