Import offers for J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing to the US from Korea have increased by $60/mt in the past week, with offers now being seen in the approximate range of $940-$950/mt CFR FO in US Gulf coast ports.
Further, import offers for J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing from Taiwan to the US are now being offered in the approximate range of $950-$960/mt, CFR FO in US Gulf coast ports. This reflects an increase of $70/mt since our last report.
Lastly, import offers for J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing from Vietnam are now being offered in the range of $940-$950/mt CFR FO in US Gulf coast ports, reflecting a $30/mt increase in the past week.