US seamless, import energy tube prices rise

Prices for some seamless and import energy tubulars in the United States strengthened after crude oil prices rose to a seven-year high and the number of active drill rigs in the country increased.

Most oil country tubular goods (OCTG) and line pipe grades were unchanged while market participants assess whether expanding US oil and gas activity will be offset by the decline in steel coil input costs at the domestic pipe mills and a potential influx of imports in 2022.  The US rig count ascended to 550 in the week to Friday November 5, an increase of six from the week prior, according to Baker Hughes. The total is exactly 250 more than the weekly survey recorded a year earlier. West Texas Intermediate (WTI)...

Published

Dom Yanchunas

November 10, 2021

21:35 GMT

New York