Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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August 2016 | Seamless Steel Tube & Pipe


US market continues to stutter: Latest Analysis


A recovery in North America will be needed to turn-around the global OCTG market.


The US OCTG market started to pick-up in Q2, as rig-counts are now gradually recovering. But this rising demand is coming from an extremely low-base and it is far from “business as usual”. Prices in North America for OCTG, however, have not lifted off the floor that was established in Q2 and low mill utilisation rates will be...

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