07
Jan
20:43
Bullish sentiment continues in US energy tubulars market
Sentiment in the US energy tubulars market remains bullish at the start of 2022.
One distributor is forecasting OCTG shipments to be upwards of 3.6 million short tons in 2022, which would be a 9% increase from 2021 consumption levels of just over 3.3m st.
Another distributor is predicting 2022 to be the best year on record for OCTG, citing a rising rig count (see related story) and strong oil and natural gas prices.
Low OCTG inventories continue to be reported, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous