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28 Mar

US OCTG pricing holds steady for 5th week

Pricing for domestically produced OCTG in the US is holding steady yet again this week, Kallanish hears from market participants. The price range for domestic welded P110 5.5-inch casing remains $1,950-2,090/short ton, where it has stood now for five consecutive weeks. West Texas Intermediate crude is demonstrating some momentum, climbing above $83/barrel on Wednesday. Thta level is viewed as positive for drilling sentiment. “I believe pricing has bottom…
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