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04 Apr

US OCTG pricing treads water for 6th week

Pricing on OCTG representative product P110 5.5-inch casing in the US is flat again for the sixth consecutive week, still trading in a range of $1,950-2,090/short ton, Kallanish reports. A Texas-based importer says inventory reductions will emerge as drillers proceed with planned projects. “Several operators have RFQs out this week. Then we should see a bunch of inventory being allocated to specific customer programs soon. This will bring courage back to di…
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