04
Jan
19:40
US P110 prices hold as inventory begins dwindling
US prices of domestically produced OCTG representative product P110 5.5-inch casing continue to hold steady for the sixth consecutive week.
Excessive inventory and low demand caused prices to drop in late November to their current transactional range of $2,000-2,100/st, reports Kallanish.
“Inventory is still headed south,” says the principal of a Gulf Coast-based service centre.
That market participant confirms that demand is aligned with the tradit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous