Steel Products
August 4, 2023
Written by Becca Moczygemba
Rig counts in the US and Canada are back down this week, according to to the latest data from oilfield services company Baker Hughes.
The total US rig count dipped to 659 active rigs as of August 4, down by five from the week prior. Active oil rigs in the US decreased by four to 525, while active gas rigs remained stable. Miscellaneous rigs fell by one to a total of six.
I’m now testing as an author user to see if I can add new tags in the right rail or using quick edit.I will check if I can trick the CMS and create a new tag via “Tags” in Main menu on the left hand side.I’m also testing if I can use existing tags and […]
It has been a crazy 2024 so far for hot-rolled coil (HRC) futures!!! “It’s not crazy, it’s hot rolled.” This chart shows the steeply backwardated Midwest HRC futures curve on Jan. 3 plummeting between $186 to $241 in the front three months, evolving into the curve six weeks later on Feb. 12. CME hot-rolled coil […]
Testing 1 Please access https://cruonline.crugroup.com/analysis Internal link – https://stage-steelmarketupdate-cru.content.pugpig.com/terms-of-use/ What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen […]
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Though steel prices continue to drop, more buyers are holding off on finalizing transactions.