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Weak fundamentals undermine price support for OCTG and linepipe

机译:基本面疲弱破坏了对OCTG和管线的价格支持

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摘要

As we noted last month, utilization rates at large-diameter linepipemills are running higher than in the previous three years. But pricing,mainly due to strong competition for project work from both at home andoverseas competitors, is keeping prices under pressure. In January, wehave heard that some Middle East supply contracts have been awarded,but the global fundamentals are still weak enough to afford low offersfrom major export origins. Export offers have not fallen further, but havenot increased in the past month either. For now, the US market remainshighly competitive.
机译:正如我们上个月指出的那样,大口径管线钢厂的利用率一直高于前三年。但是,价格的上涨(主要是由于国内外竞争者对项目工作的激烈竞争)使价格承压。一月份,我们听说已经签订了一些中东供应合同,但是全球基本面仍然薄弱,不足以承受主要出口国的低报价。出口报价没有进一步下降,但在过去一个月也没有增加。目前,美国市场仍然具有很高的竞争力。

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