19
Feb
00:00
Tenaris foresees 30% decline in global OCTG use in 2015
Steel tubemaker Tenaris paints a generally gloomy picture for the global oil and gas sector in 2015 with a decline in drilling activity, especially in North America, the company says. This will therefore seriously affect OCTG demand, Tenaris adds in its annual results statement monitored by Kallanish.
The decline in both drilling activity and demand for OCTG will be more rapid and pronounced in North America and more gradual in the rest of the world, the tub…
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Anonymous
Very good overview of the weekly steel market.
Anonymous