Prices, order activity and inquires within the
US domestic and import oil country
tubular goods (OCTG) markets have held sideways since our last report a week ago, although lateral spot prices from domestic producers are still expected to tick upward once the trade case comes to a close.
For now, futures prices from
Korea continue to be reported in the approximate range of $52.00-$53.00 cwt. ($1,146-$1,168/mt or $1,040-$1,060/nt), DDP loaded truck in
US Gulf coast ports, (although trader sources still say that deals as much as $1.00 cwt. ($22/mt or $20/nt) below that range are available based on the size of the order), while
US domestic spot prices continue to hold at $59.00-$61.00 cwt. ($1,300-$1344/mt or $1,180-$1,220/nt) ex-Midwest mill. Distributor sales prices continue to be strong, according to SteelOrbis sources, who say the Department of Commerce ruling has given their bottom lines a long-needed shot in the arm.