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07 Sep

US P110 prices hold steady, outlook may improve

Pricing for US OCTG representative product P110 5.5-inch casing is unchanged week-on-week at $2,000-2,200/short ton, Kallanish learns. US President Joe Biden has announced a rolling back of some Trump-era drilling allowances, and rig counts have continued to decrease. On Thursday, Tenaris announced its acquisition of the Republic Pipe processing operation in Houston (see related article). “The rig count is bottoming out. Pricing on crude is rising and pip…
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