SteelOrbis has learned that import J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing offers from Korea have plummeted $50/mt in the last week, with offers now ranging from $1,050-$1,070/mt CFR FO in US Gulf coast ports.
Additionally, import J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing from Vietnam have fallen $20/mt since last week and are now in the range of $1,030-$1,040/mt CFR FO in US Gulf coast ports.
SteelOrbis has also learned that import Turkish offers of J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing have remained neutral in the last week and currently range from $1,080-$1,100/mt CFR FO in US Gulf coast ports.