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01 Feb

US OCTG prices hold steady, demand may increase

US prices for P110 5.5-inch representative OCTG product continue to transact within the range of  $2,000-2,090/short ton for the second straight week, Kallanish reports. A Gulf Coast distributor is confident the pricing for OCTG is reaching an inflection point. “We are transitioning to a new pricing scenario. We’re moving from motivated cash flow numbers, for ridding overstocked inventory, to replacement-cost pricing. We are quite near to &lsquo…
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