Last week, SteelOrbis reported that a growing number of pipe distributors were open to selling J55 ERW OCTG casing at below replacement cost due to a slowdown in order activity.
That trend has carried over to the current week. Sources close to SteelOrbis say that it’s difficult to pinpoint an average price, since deals are largely being made on a customer-to-customer basis, depending on volume and tonnage.
Ex-mill pricing, however, has remained level. As with last week, US domestic J55 ERW casing is being heard in the range of $64-$69 cwt. ($1,411-$1,521/mt or $1,280-$1,380/nt), ex-mill; Taiwanese J55 ERW OCTG casing is also unchanged week-over-week, at $65-$66 cwt. ($1,433-$1,455/mt or $1,300-$1,320/nt) DDP loaded truck in US Gulf coast ports.