SteelOrbis has learned that stock domestic J55 ERW OCTG casing is still being head in the range of $43.00-$45.00 cwt. ($948-$992/mt or $860-$900/nt), ex-mill, whereas Korean material is still being offered at approximately $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt), DDP loaded truck in US Gulf ports. These price points are unchanged in the past 7 days.
Further, SteelOrbis has confirmed that spot market prices for stock API-X52 line pipe continue to be heard at approximately $41.50-$42.50 cwt. ($915-$937/mt or $830-$850/nt), ex-mill. Prices for Mexican material continues to trend in the range of $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt), FOB Texas. These price points are also stable week-over-week.