18
Mar
17:44
US energy tube players scramble for hope
Optimism is in scant supply in the US energy tubulars market.
One Gulf Coast line pipe distributor joked that the US rig count only has another 480 or so rigs to fall before it hits rock-bottom, and “…I t will all be uphill from there.” As of March 18, the US rig count stood at 476, Kallanish notes.
“If you deal in optimism, you will eventually experience depression,” he says. “We mass produce everything. This creates over…
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Anonymous
Very good overview of the weekly steel market.
Anonymous