Import J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing offers to the US from Vietnam have declined by $10/mt since our last report a week ago. Offers are now being seen at $910-$920/mt CFR FO in US Gulf ports.
In addition, SteelOrbis has also learned that J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing offers from Korea to the US have also declined since our last report. Sources have confirmed these offers have dropped by approximately $30/mt and are now being seen in the range of $890-$900/mt CFR FO in US Gulf coast ports.
Lastly, import J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing offers from Taiwan have remained neutral since last week and continue to be seen at $920-$930/mt CFR FO in US Gulf coast ports.