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26 Jan

US OCTG prices soften from strong position

US P110 5.5-inch OCTG product decreased to $4,074-4,268/short ton from $4,200-4,400/st this week, Kallanish learns. “This is while still staring at late second to early third-quarter deliveries. Our phones were quiet the first two weeks of the year, but we are beginning to see some activity pick up. All that to convey that we have seen carbon sag more than alloy and ERW more than seamless,” says an OCTG product distributor. In the week of 26 Janu…
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