01
Apr
19:11
Oil price uptick fails to excite energy tubers
The brief rise in the price of oil was not enough to push the US energy tube market out of its rut despite some initial enthusiasm, market sources tell Kallanish.
“Everyone is a bit giddy with several price increase announcements for various commodities,” says one Gulf Coast line pipe distributor. “What does it mean? Not much. But it finally gives everyone something to positively talk about.”
He adds, however, that the underlying marke…
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Anonymous
Very good overview of the weekly steel market.
Anonymous