30
Apr
16:13
Returning rig count hides US OCTG market shift
Despite the Baker Hughes rig count creeping back to positive year-ago levels in the US, the domestic oilcountry tubular goods market has changed quite a bit over the past year, Kallanish learns from market sources.
A Gulf Coast trader says the nigh-identical numbers conceal a great deal of consolidation and competition.
“Rigs are a little more productive, as only the best iron is working and the mix is more static,” he says. “There was sig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous