Steel Market Intelligence » OCTG prices

January OCTG Prices Decrease

Steel Market Intelligence — Mon, 03 Feb 2014 16:41:20 +0000

OCTG prices decreased to $1,627 for the month of January, down 1.0% from December’s price of $1,643. Seamless prices decreased 1.4% from $1,766 last month to $1,742 this month, and ERW prices decreased 0.5% from $1,519 to $1,512. The OCTG Pipe Logix Index is 5.4% lower than last year.

The domestic price premium decreased 4.1% from $443 in December to $425 in January. Rig counts decreased 0.3% from 7,082 for the month of December to 7,059 in January.

Source: Steel Market Intelligence and Pipe Logix

September OCTG Prices Post Largest Drop in Three Years

Steel Market Intelligence — Thu, 27 Sep 2012 12:30:32 +0000

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According to Pipe Logix, September OCTG prices declined for the sixth consecutive month, falling $40/ton (or 2.1%) to $1,811/ton, as seamless prices slid 2.6% for the single …more

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U.S. Rig Count Shows Largest Weekly Drop in over 2 Years; Canada Jumps

Steel Market Intelligence — Fri, 07 Sep 2012 18:49:45 +0000

The number of active oil and natural gas rigs in the United States fell to 1,864 for the week ending September 7, 2012, down 1.6% from the prior week, 4.8% from the year-ago level and the lowest since June 2011.

The highest weekly rig count in theUnited 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 increased this week by 9.2% to 345 compared with 316 last week but was down 33.0% from the year-ago level.

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

Source: Baker Hughes Inc.