For now, prices for
US domestic and import oil country
tubular goods (OCTG) casing are still rocking steady, with prices for domestic finished OCTG holding at $59.00-$61.00 cwt. ($1,300-$1344/mt or $1,180-$1,220/nt) ex-Midwest mill. Futures pricing from first-tier Korean mills, meanwhile, is still trending at approximately $47.50-$48.50 cwt. ($1,047-$1,069/mt or $950-$970/nt) DDP loaded truck
US Gulf coast ports.
The final determinations in the antidumping (AD) and countervailing duty (CVD) trade case against certain offshore importers is due to come out in less than a month, and at this point, the market is simply treading water, with traders and service centers anxiously awaiting the pending announcement. Order activity and inquiries are also holding stable, with few, if any, looking to take on significant position tons until the dust officially settled.