The US domestic OCTG is trending nearly silent during the current week, as most within the US have taken the next seven days off to celebrate the Christmas and New Year holidays.
As with last week, the most recently heard ex-mill pricing for domestic J55 ERW OCTG casing is still trending at $60.00-$62.50 cwt. ($1,322-$1,378/mt or $1,200-$1,250/nt), although it had been previously reported that mills have been increasingly willing to offer deals.
Market activity is expected to be nil until market players return to work on Jan. 2.