Steel Products Prices North America
December 9, 2016
Why the Energy Sector is Important to Steel
Written by Paul Lowrey
As you think about your business and where you think benchmark hot rolled prices will be in 2017 and 2018 one of the areas you need to consider are the energy markets. The energy markets have been in the doldrums for the past few years due to low oil and natural gas prices. The net result was drilling of new oil and gas rigs dropped significantly. So much so that many of the OCTG producers in the U.S. shut down pipe mills waiting for the market to come back. Lately, oil and gas prices have regained some of their losses and the rig counts have bottomed and appear to be slowly coming back.
The following article was originally written by Paul Lowrey of Steel Research Associates and published in Steel Market Update on January 20, 2015:
