26
May
20:15
US OCTG prices remain in holding pattern
US oil country tubular goods prices are unchanged as buyers wait to see how the price of crude oil will be affected by production cuts from the Organisation of Petroleum Exporting Countries (OPEC).
Kallanish currently puts domestic welded P110 casing at $1,700-1,750/short ton – ex-works, domestic mill.
“There’s been no change,” says one Gulf Coast buyer. “Watch crude after OPEC [... extends cuts].”
Delegates to Kallanish…
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Anonymous
Very good overview of the weekly steel market.
Anonymous