SteelOrbis sources have confirmed that import J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing offers from Taiwan to the US have dropped by approximately $40/mt since our last report a week ago. Offers are currently being seen in the range of $920-$930/mt CFR FO in US Gulf coast ports.
J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing offers to the US from Korea and Vietnam have declined by $35/mt since last week and offers are now between $920-$930/mt CFR FO in US Gulf coast ports.