The US domestic J55 ERW OCTG casing market is mostly stable week-over-week, although sources close to SteelOrbis have said that quiet deals have been available based on tonnage.
As such, the official spot market range is still trending at $60.00-$62.50 cwt. ($1,322-$1,378/mt or $1,200-$1,250/nt), ex-mill.
Another SteelOrbis source said there is still “plenty of stock available,” and that many service centers are still working through previously-purchased inventory.