Pricing for
US import OCTG casing from Korea in the
US domestic market is continues to be heard at $37.50 cwt. ($827/mt or $750/nt), DDP loaded truck in
US Gulf coast ports, while the most commonly heard offer pricing for
US import J55 ERW OCTG casing from Taiwan in the
US domestic market has also remained stable since our last report a week ago, at $35.50-$36.50 cwt. ($783-$805/mt or $710-$730/nt), DDP loaded truck in
US Gulf coast ports.
Sources close to SteelOrbis that overall market activity is trending light in the current week in advance of the Christmas holiday. This trend is expected to continue until after the New Year.