GLG News by Seamless OCTG Experts

What is the cost and profit per barrel of oil?  What products are in one barrel (42 gallons) of oil?  Could the government, both federal and state, be a larger part of the equation than "Big Oil"?

Steel demand in India will certainly rise at a good pace, above 10 per cent annually, for a few more years. The Indian steel makers correctly see the growth potential of the local market and the captive iron ore as the only two big advantages for them which will hold them up strongly in global competition...

Liquefaction and pipelines in Alaska address the local desires to keep revenues and jobs in Alaska. Building a pipeline to somewhere in the south, like Valdez is very possible. ROW (Rights of Way, pipeline corridor) are already permitted and mostly available, and the access is available. Knocking...

Contract prices likely to soar in 2008 Rising supply and weaker demand may lead to weakness in 2009

US steel industry gains direct benefit from market protection against the major sources of potential over-supply over the next five years. This won't insulate the industry entirely due to a spillover effect. ArcelorMittal illustrates its phenomenal lobbying power and this has to be a success for this...

This "announcement" is not about substitution, it is about upcoming contract negotiations with its steel suppliers, and an attempt to influence the agenda to offset the supplier power of the steel industry. Substitution is occuring, and will continue to occur (even towards steel and aluminium)...

Global OCTG suppliers have witnessed an almost unprecedented bull run over the past three years as surging oil and natural gas prices have resulted in rising investment in energy exploration and production. OCTG consumption growth since 2003 has averaged 15 percent per annum. The pipe must also have...

Spot prices for oil country tubular goods dropped again this month, with some blaming the decline on China's decision not to reduce export tax rebates on OCTG products. Imports from China continued to soften prices, sources said, with some also blaming high customer inventories and somewhat weaker demand....

Strong pressure from customer side to keep the price for stainless products quit stable. Because of high volatile  Nickel prices final product prices changes. The substitution of Nickel to the "Ferritic Solution" will lead to less demand of Nickel and the price will decline....

Ethanol as an energy source is not as cost efficient as we think.Cost of water, fertilizer, transportation, blending and subsidies detract from its attractiveness.In the long term we cannot produce enough renewable energy to make a signifigant dent in our energy demand.Corn and rape seed as feed...