27
Mar
15:50
Interpipe mulls output cut on cheap oil, virus
Ukrainian pipemaker Interpipe says it may experience a decline in output by -30-50% in the second and third quarters as a result of Covid-19’s global spread and lower oil prices.
Interpipe director Fadi Hraibi says the company is considering several scenarios for the developing market situation, and notes that falling oils prices are one of the major factors.
Having fallen to the lowest levels in the last 17 years to $24-27/barrel, US oil extraction become…
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Anonymous
Very good overview of the weekly steel market.
Anonymous