US OCTG market unlikely to see big changes before 2017

Tuesday, 27 September 2016 22:57:21 (GMT+3)   |   San Diego
       

The overall temperament of the US domestic energy pipe industry is still trending tepid; sources close to SteelOrbis say that while there have been some modest upticks in activity, overall market sentiment is bland.

“We’re already creeping toward the year’s end and since no one does much of anything in November or December, there’s maybe 30 days left in the year,” one source said. “No one is trying to take on inventory positions and we’re all just moving through the mud, day by day.”

Pricing for US import OCTG casing from Korean steelmakers is unchanged since our last report a week ago, at $27.50-$29.50 cwt. ($606-$650/mt or $550-$590/nt), DDP loaded truck in US Gulf Coast ports.  On-the-ground inventory, however, is “being offered at an increasingly aggressive price, which we only expect will become more aggressive as we dive into the last months of the year.”


Similar articles

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe

US HSS prices revise downward yet again due to soft HRC prices

25 Mar | Tube and Pipe

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Chinese steel pipe export offer prices fluctuate within limited range

20 Mar | Tube and Pipe

US structural pipe and tube imports up 13.6 percent in January

19 Mar | Steel News

US mechanical tubing imports up 17.6 percent in January

18 Mar | Steel News

Chinese steel pipe export offer prices move down further

13 Mar | Tube and Pipe

US HSS prices

12 Mar | Tube and Pipe

US HSS prices steady after last week’s drop

07 Mar | Tube and Pipe

Finished US domestic J55 ERW OCTG casing spot market price range

06 Mar | Tube and Pipe