US OCTG market holding steady

Tuesday, 30 July 2019 00:06:14 (GMT+3)   |   San Diego

As with last week, sources close to SteelOrbis have indicated that pricing for US domestic J55 ERW OCTG casing is all over the map. Although some customers continue to report deals as low as $49.50 cwt. ($1,091/mt or $990/nt), ex-mill, others say that prices for domestic and import (Korean) are trending at $52.50-$55.00 cwt. ($1,157-$1,213/mt or $1,050-$1,100/nt), ex-mill and DDP loaded truck, respectively.

Less than exciting rig counts and lackluster order activity, sources note, have contributed to deal making.


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