06
Apr
18:41
US OCTG prices soften on-week
US OCTG representative product P110, 5.5-inch has dropped to $3,150-3,250/short ton from last week, when prices ranged between $3,350-3,550/st, Kallanish learns.
“The market is quiet. On Monday, there was a nice spike in crude, but it is too soon for the market to absorb any impact. There’s little import activity, processors are still backlogged, and rig count is solid. There has been some fear around replacement cost direction, causing some to underse…
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Anonymous
Very good overview of the weekly steel market.
Anonymous