It is reported that the oil country tubular goods (OCTG) market in the US expects to remain competitive due to weak demand for domestic market at this moment. Some of participants said that the market was quiet and it's difficult to make any profits. However, there is surplus of OCTG products in the domestic market and it will affect the pricing for commodity OCTG products at this moment. If there is no any demand being improved and the market will continue flatting through this year. Obviously, it's a buyer's market right now.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64014&division=A4
