Sources close to SteelOrbis have reported that little, if anything has changed within the US domestic J55 ERW OCTG casing market in the past seven days; prices are holding in the range of $60.00-$62.50 cwt. ($1,322-$1,378/mt or $1,200-$1,250/nt), ex-mill, while overall market activity remains lackluster.
In terms of US rig count, the most recent report from Baker Hughes shows that for the week of Oct. 19 the US rotary rig count rose by four, to 1,067; current levels reflect a 16.9 percent increase from the same reporting period in 2017.