22
Apr
18:17
Covid-19 threatens US energy tubular demand
The US oil country tubular goods (OCTG) market is being threatened by the on-going Covid-19 pandemic and weak crude prices, Kallanish learns from energy services analyst Rystad Energy.
The US makes up about 35% of worldwide demand for OCTG, followed by China, Rystad says.
“Rystad Energy expects [... global] demand to decline from around 14.7 million tonnes last year to 12.6mt in 2020, a decline of nearly -15%, with the vital US market forecast t…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous