Pricing for
US import J55 ERW OCTG casing from offshore sources continues remain lateral, sources note, adding that overall market activity is still trending light.
Prices for
US import J55 ERW OCTG casing from Korea in the
US domestic market continue to be heard between $42.50-$44.00 cwt. ($937-$970/mt or $850-$880/nt), DDP loaded truck in
US Gulf coast ports, before applicable antidumping duties.
Meanwhile, offers for
US import J55 ERW OCTG casing from Taiwan in the
US domestic are still being heard at $0.50 cwt. ($11/mt or $10/nt) below this range.
Sources close to SteelOrbis have noted that offshore mills are still quoting “December arrival,” which is unattractive to buyers due to the year-end-inventory-tax.