by Site Administrator | Jul 14, 2022 | Industry Insights
Sources: FRED – https://fred.stlouisfed.org/Investing.com – https://investing.comData through July 12, 2022. Scrap Index data from St. Louis Fed as of May 2022. Hot Rolled Coil, Iron Ore, Scrap Index, #1 Busheling Scrap The above represent raw material input...
by Site Administrator | Jun 24, 2022 | Industry Insights
Sources: Baker Hughes About Trident Steel Trident Steel is a leading supplier of oil country tubular goods, line pipe and poly pipe throughout the United States. We represent only the finest API-licensed domestic and international pipe mills and offer a wide...
by Site Administrator | Jun 7, 2022 | Industry Insights
Brent and WTI prices have rallied in recent months. WTI is approx. $117/barrel, while Brent is hovering around $118/barrel.The U.S. Rig Count is at 727 as of May 27, 2022, from an historic low of 244 on August 14, 2020. This, however, is still below the...
by Site Administrator | May 6, 2022 | Industry Insights
Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 40% year over-year (‘YoY’).The Permian and Eagle Ford regions have seen the largest declines YoY at 57% and 41%, respectively.Only the Haynesville region is up, increasing 6% YoY. About Trident...
by Site Administrator | Apr 8, 2022 | Industry Insights, Insights
The above represent raw material input costs that directly impact our cost of goods.HRC pricing has increased 14% in the past year and 7% YTD.Iron Ore pricing continues to rebound, rising 34% YTD.The Scrap Index has remained relatively stable for the past several...
