19
Nov
09:19
Tenaris Middle East-Africa sales shrink, foresees drilling recovery
Tenaris sales shrank in the Middle East and Africa during the first nine months of 2021. Drilling activity is however recovering but will be tempered by destocking, the firm says.
“Drilling activity is now recovering gradually and this recovery should extend further in the coming months, though demand for OCTG (Oil Country Tubular Goods) will continue to be tempered by ongoing destocking in the key Middle East markets,” the firm says in its latest ear…
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Anonymous
Very good overview of the weekly steel market.
Anonymous