Rystad Energy: OCTG Prices in Japan and China Diverge While European and Chinese Steel Prices Narrow
OCTG prices for Japan rise on high raw material prices, while they drop in China due to lower demand. Scrap metal prices fall and the price gap between European and Chinese steel narrows with global steel production set to be close, but not match the 2020 peak. Here is Rystad …
OCTG Prices Expected to Remain High for Remainder of 2022 – Rystad Energy OCTG and Energy Steel Market Note
The OCTG sector in the US continues to struggle with extremely restricted supply in the face of strong demand as China’s steel production and prices begin to return to normal. Here is Rystad Energy’s weekly steel and OCTG note from two of our analysts, Alistair Ramsay and Matthew Loffman: Energy …
Steel Inventory Falls as Demand Recovers, OCTG Prices Expected to Remain Elevated – Rystad Energy Steel and OCTG Market Note
Positive signals for Chinese steel demand, but prices slipping. OCTG demand expected to revive in June. Here is Rystad Energy’s weekly steel and OCTG note from two of our analysts, Alistair Ramsay and Marina Bozkurt: Steel Steel inventory levels in China have fallen in May, a positive signal for demand …
Rystad Energy: Russia-Ukraine Conflict Impacts OCTG Supplies
This week, the Russia-Ukraine conflict is restricting global OCTG supply, particularly in the Middle East and USA. Nickel prices have also experienced aggressive rises due to the conflict in Ukraine. Lithium continues to rocket with prices now 118% higher than at the end of the year. OCTG The implementation of …
Rystad Energy: OCTG Prices Continue to Rise
Increasing energy demand and a surge in North Sea exploration activity has increased the appetite for OCTG in the North Sea market, particularly in Norway, after a slowdown during the pandemic. The carbon OCTG and 13Cr OCTG markets are absorbing excess inventories and restocking for upcoming North Sea operations, a …
Rystad Energy: OCTG Prices on the Rise; Lithium Maintains its Recent Upward Momentum
A rich combination of strong demand and supply tightness in the US OCTG market is driving prices upwards this week. Seamless casing from US mills has experienced around a $70/NT month-on-month increase. Drilling activity continues to increase, triggered by higher oil and gas prices, and further growth is likely in …
Rystad Energy: OCTG Prices Follow Mixed Course Globally, Bullish Momentum Persists for Battery Materials
Declines continue in Chinese export prices for linepipe and oil country tubular goods (OCTG) despite a small increase in substrate costs as challenging logistic operations in China’s ports continue to hamper buying interest. The Chinese government’s decision to not apply export duties for seamless OCTG has reduced an upward pressure …
Tenaris: Launches Premium Threading Facility in Aktau
Tenaris introduced today to customers its new premium threading facility in Aktau, Kazakhstan. The new plant will support Tenaris’s long-term agreement with Karachaganak Petroleum Operating (KPO), plus key operator Tengizchevroil (TCO) and will enhance the service offer to other customers operating in major Kazakhstan fields with commercial, technical, field service and supply chain …
Tenaris: Expands MOOC Offering on edX Platform with New Courses
Tenaris is expanding its online library on the edX platform with the launch of two additional MOOCs – massive open online courses. Tenaris experts will lead “Introduction to Oil Country Tubular Goods (OCTG),” which starts August 18, 2015, and will encompass everything from the geology of the ground and drilling …
TMK ANNOUNCES 1Q 2015 IFRS RESULTS
The following contains forward looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. OAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces today its unaudited …