Steel Market Intelligence » ERW http://www.michelleapplebaum.com/blog Analytical Steel Industry Expertise Wed, 09 Apr 2014 19:25:37 +0000 en-US hourly 1 February OCTG Prices Hit Two-Year Low http://www.michelleapplebaum.com/blog/?p=3902 http://www.michelleapplebaum.com/blog/?p=3902#comments Thu, 28 Feb 2013 17:03:42 +0000 http://www.michelleapplebaum.com/blog/?p=3902 New Report Preview:

According to Pipe Logix, February OCTG prices declined another 1.1% (or $19/ton) to $1,702/ton, the lowest since February 2011, and some 11.2% (or $214/ton) below… more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=3902 0 U.S. Rig Count Falls to the Lowest Level in a Year and a Half http://www.michelleapplebaum.com/blog/?p=2603 http://www.michelleapplebaum.com/blog/?p=2603#comments Mon, 29 Oct 2012 19:54:10 +0000 http://www.michelleapplebaum.com/blog/?p=2603 The number of active oil and natural gas rigs in the United States fell by 13 to 1,826 for the week ending October 26, 2012, down 0.7% from the previous week and down some 9.6% from a year-ago.

The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.

The number of rigs in Canada rose 4.2% to 370 from 355 last week, and was 25.9% below the year-ago level.

The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.

Source: Baker Hughes Inc.

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