16
Feb
00:00
Oil price slump seen slashing oil & gas stainless steel demand by 30%
The slump in the price of oil, which by end-January was over 58% cheaper than in June 2014 at $45/barrel, will reduce stainless steel demand from the global oil & gas sector by around 30% until 2016, according to Steel & Metals Market Research Analysis (SMR). The countries worst affected are Norway, the UK, Italy, Germany, the Netherlands, the US, Canada, Brazil and Singapore.
This pricing development will reduce global oil & gas stainless steel …
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Anonymous
Very good overview of the weekly steel market.
Anonymous