Steel Market Intelligence » shale

June Steel Imports Drop to Four-Month Low; Impact from OCTG Trade Case Could Be Felt Soon

Steel Market Intelligence — Tue, 02 Jul 2013 23:19:14 +0000

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June steel import licenses declined 10.1% to 2.33 million tonnes (mt) from May’s 2.59 mt driven by declines for…

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Advance/Decliner Index Rising but Still Weak; Chinese Pricing Declines

Steel Market Intelligence — Mon, 01 Jul 2013 22:37:34 +0000

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Our Advance/Decliner Index rose for the fourth straight week. The increase was driven by our Ex-China Index rising to a 15-week high, while our China Index…

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June OCTG Prices Post Surprising Uptick; Further Upward Momentum Limited

Steel Market Intelligence — Thu, 27 Jun 2013 00:42:59 +0000

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According to Pipe Logix, June OCTG prices rose 0.3% (or $5/ton) to $1,670/ton, bringing an end to 14 consecutive monthly declines. The surprising increase was driven by…

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May Imports Rise to 11-Month High; Hot-Rolled Sheet Lowest Since February 2011

Steel Market Intelligence — Tue, 25 Jun 2013 23:06:05 +0000

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Preliminary May imports rose 4.6% from 2.68 million tons(mt) in April to 2.8 mt, the highest level since last June. The increase was primarily driven by…

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Advance/Decliner Index Continues Nominally Higher, but Well Below Key 50 Level

Steel Market Intelligence — Mon, 17 Jun 2013 20:10:12 +0000

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Our Advance/Decliner Index rose to a three-month high, but remained at low levels. The uptick was driven by strengthening domestic sheet prices and less weakness in the…

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U.S. Rig Count Declines, Canadian Rig Count Posts Fourth Consecutive Increase

Steel Market Intelligence — Mon, 10 Jun 2013 16:28:23 +0000

The number of active oil and natural gas rigs in the United States fell to 1,765 for the week ending June 7, 2013, a 0.3% decline from last week’s 1,771 and some 11.0% below the year-ago level of 1,984.

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 increased for the fourth consecutive week, rising 4.8% to 152 from 145 the week before. However, rigs are a whopping 33.9% below the year-ago level of 230.

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.

Advance/Decliner Index Falls Slightly as Chinese Pricing Continues to Deteriorate

Steel Market Intelligence — Tue, 04 Jun 2013 17:59:28 +0000

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Our Advance/Decliner Index fell last week as pricing weakness spread to Latin America, driving our Ex-China Index down. Our China Index remained at a dismal level due to…

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May OCTG Prices Fall to Lowest Since March 2010

Steel Market Intelligence — Thu, 30 May 2013 16:17:21 +0000

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According to Pipe Logix, May OCTG prices declined 1.0% (or $16/ton) to $1,665/ton, the lowest since March 2010 and some 13.1% below the recent high of $1,916/ton in …

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Advance/Decliner Index Ticks Slightly Higher on Domestic Sheet Price Hike

Steel Market Intelligence — Thu, 30 May 2013 15:06:19 +0000

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Our Advance/Decliner Index rose slightly after hitting a one-year low last week due solely to…

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U.S. Rig Count Posts Largest Jump in over 2 Years

Steel Market Intelligence — Fri, 15 Mar 2013 19:29:37 +0000

The number of active oil and natural gas rigs in the United States rose by 24 to 1,776 for the week ending March 15, 2013 – up 1.4% from last week – the largest weekly percentage increase since December 2011 – but still down 10.5% from last year.

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 fell 13.3% this week, coming in at 503 from 580 last week and down 2.7% from last year.

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.