US oil country tubular goods (OCTG) representative product P110 5.5-inch casing has dipped to the spot transactional range of $2,000-2,100/short ton from $2,050-2,150/st last week, Kallanish reports.
“December will stay quiet, but a fairly noticeable uptick will come in the first quarter. HRC prices are climbing rapidly and the Granite City decision will keep upward pressure on prices,” says a Texas-based distributor.
US Steel this week stated t…
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