US OCTG representative product P110 5.5-inch prices have held between $2,640-2,710/short ton on the week, Kallanish understands. Last week, the prices decreased to their current levels from where they stood at $2,780-2,850/st in the previous week as the markets slowed and supply built up.
“The whole industry is overstocked in P110 5.5-inch. Spot pricing reflects it,” says a distributor.
Rig counts have been in flux with the US losing 15 operati…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.