No change has been reported on the domestic front in terms of J55 electric resistance welded (ERW) oil country tubular goods (OCTG) casing spot pricing. SteelOrbis sources have confirmed domestic spot offers continue to be in the $63.00-$65.00 cwt. ($1,389-$1,430/mt or $1,260-$1,280/nt) range, ex-Midwest mill. Demand continues to be decent but not extraordinary, sources say, and buyers are continuing on their trend of purchasing only what they need. At the current time buyers are exercising caution and buying project by project as opposed to making large purchases and saving stock for later use.
Import pricing for J55 ERW OCTG casing market has also been stable this past week. Taiwanese and Korean offer prices to the US are still being reported in the range of $47.00-$49.00 cwt. ($1,036-$1,080/mt or $940-$980/nt) DDP loaded truck in US Gulf ports, reflecting no change since our last report a week ago. Vietnamese offerings, though, are still coming in a bit lower than that, and are now being predominantly seen at about $0.50-$1.00 cwt. ($11-$22/mt or $10-22/nt) below Taiwanese and Korean prices, although sources close to SteelOrbis have said the largest discounts are being granted to larger buyers.US OCTG market “steady but unexciting”
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Tubing Tubular Korea Taiwan Vietnam US Southeast Asia East Asia and Pacific North America Far East