As with last week, offer prices from Taiwan for unfinished J55 ERW OCTG casing in the US domestic market continue to be heard at approximately $42.50 cwt. ($937/mt or $850/nt), DDP loaded truck in US Gulf coast ports, while prices from Korea for unfinished J55 ERW OCTG casing in the US domestic market are still trending in the approximate range of $42.50-$44.00 cwt. ($937-$970/mt or $850-$880/nt), DDP loaded truck in US Gulf coast ports.
In terms of current import volumes, the most recent data from the US Department of Commerce shows that for the month of February, the US imported 184,223 mt (license data) of oil country goods from global sources. The most significant offshore source of US import OCTG was Korea, at 78,379 mt.