• SMU new site announcement banner
  • Skip to main content

    Final Thoughts

    US, Canadian Drilling Rigs Diverge This Week

    Written by David Schollaert


    Canadian drilling rig numbers rose again this past week, while the number of working rigs in the US edged down slightly, according to data from oilfield services company Baker Hughes.

    The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods (OCTG), a key end-market for steel sheet.

    David Schollaert

    Read more from David Schollaert

    Latest in Final Thoughts