SteelOrbis has learned that service centers are offering US import (finished) J55 ERW OCTG casing from Korea at approximately $125 cwt. ($2,756/mt or $2,500/nt), ex-warehouse.
Ex-service center pricing for finished Korean J55 ERW OCTG casing is trending $5 cwt. ($110/mt or $100/nt) below domestic, ex-mill pricing, for this same product.
Sources continue to report that although demand is still strong, that the “gap between US HRC and pipe prices is scary.”