It’s been long speculated that
US domestic oil country
tubular goods (OCTG) would roll out some sort of price increase after the Labor Day holiday, but that increase has not yet materialized. Yet just because one wasn’t dispersed through market channels yesterday, that’s not to say one isn’t coming. Sources close to SteelOrbis say the rumblings are there, and it may be just a matter of time before things are put to paper. For now, the most commonly reported spot price transaction range has trended sideways since our last report a week ago, at $59.00-$61.00 cwt. ($1,300-$1344/mt or $1,180-$1,220/nt) ex-Midwest mill, while futures offers from Taiwanese and Korean producers continue to be seen in the approximate ranges of $51.00-$52.00 cwt. ($1,124-$1,146/mt or $1,020-$1,040/nt) and $52.00-$53.00 cwt. ($1,146-$1,168/mt or $1,040-$1,060/nt), respectively, both DDP loaded truck in
US Gulf coast ports.