Import offers for J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing to the US from Korea and Taiwan have dropped approximately $5/mt in the past week and are now being offered in the range of $875-$895/mt CFR FO in US Gulf Coast ports.
Further, import offers for J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing to the US from India and Vietnam have also declined in the last week, by about $10/mt, with prices now in the range of $870-$880/mt CFR FO in US Gulf Coast ports.