Kallanish learns the prices of P110 5.5-inch casing have increased to over $4,000/short ton for spot buyers.
The representative OCTG product is now listed at $4,000-4,050/st, ex-works, domestic mill, and it remains in short supply.
“Supply for spot buyers will be further constrained by the Tenaris/Benteler deal if it happens,” a distributor source explains.
Benteler North America Corporation and Tenaris SA entered into a contract for the acquisition…
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