Steady trend sustains within US OCTG markets

Wednesday, 06 August 2014 00:55:58 (GMT+3)   |   San Diego
       

Prices, order activity and inquires within the US domestic and import oil country tubular goods (OCTG) markets have held sideways since our last report a week ago, although lateral spot prices from domestic producers are still expected to tick upward once the trade case comes to a close.

For now, futures prices from Korea continue to be reported in the approximate range of $52.00-$53.00 cwt. ($1,146-$1,168/mt or $1,040-$1,060/nt), DDP loaded truck in US Gulf coast ports, (although trader sources still say that deals as much as $1.00 cwt. ($22/mt or $20/nt) below that range are available based on the size of the order), while US domestic spot prices continue to hold at $59.00-$61.00 cwt. ($1,300-$1344/mt or $1,180-$1,220/nt) ex-Midwest mill.  Distributor sales prices continue to be strong, according to SteelOrbis sources, who say the Department of Commerce ruling has given their bottom lines a long-needed shot in the arm.


Similar articles

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe

US HSS prices revise downward yet again due to soft HRC prices

25 Mar | Tube and Pipe

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Chinese steel pipe export offer prices fluctuate within limited range

20 Mar | Tube and Pipe

US structural pipe and tube imports up 13.6 percent in January

19 Mar | Steel News

US mechanical tubing imports up 17.6 percent in January

18 Mar | Steel News

Chinese steel pipe export offer prices move down further

13 Mar | Tube and Pipe

US HSS prices

12 Mar | Tube and Pipe

US HSS prices steady after last week’s drop

07 Mar | Tube and Pipe

Finished US domestic J55 ERW OCTG casing spot market price range

06 Mar | Tube and Pipe