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US OCTG prices hit year-to-date high in March

March 28, 2014 - 07:32 GMT Location: New York


US oil country tubular goods (OCTG) prices rose in March to the highest levels this year, even as supply concerns persisted amongst participants.

"Overall market sentiment is relatively unchanged, with the OCTG distributors’ index at 48," Kurt Minnich, manager of Tulsa, Okla.-based Pipe Logix LLC, said in a statement. "New orders have improved, but inventory continues to be a...

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