SteelOrbis has learned that the most commonly heard spot market price for US domestic finished J55 ERW OCTG casing is now being heard at approximately $85-$90 cwt. ($1,874-$1,984/mt or $1,700-$1,800/nt), FOB mill. Sources close to SteelOrbis have said that prices are soft because “demand is lagging,” adding that falling prices and still-healthy inventory levels have many customers standing on the sidelines.