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Market Insights – Aug 17, 2022

Market Insights – Aug 17, 2022

Sources: fred.stlouisfed.orginvesting.com Summary The above represent raw material input costs that directly impact our cost of goods.HRC pricing has decreased 59% in the past year and 45% YTD.Iron Ore pricing is down 33% in the past year and down 5% YTD.The Scrap...
Market Insights – Aug 17, 2022

Market Insights – Aug 4, 2022

Drilled But Uncompleted Wells (DUCs): Lower 48 States Sources: www.eia.gov (Data Available through June 2022) Summary: Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 32% year-over-year (‘YoY’).The Permian and Eagle Ford regions have seen the...
Market Insights – Aug 17, 2022

Market Insights – July 21, 2022

Sources: Energy Information Administrationinvesting.comBaker Hughes WTI, Brent, Rig Count, and DUCs Brent and WTI prices have been volatile in recent weeks. WTI is just under $97/barrel, while Brent is hovering around $104/barrel (as of 7/21 AM hours).The U.S. Rig...
Market Insights – Aug 17, 2022

Market Insights – July 14, 2022

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...
Market Insights – Aug 17, 2022

Market Insights – June 17, 2022

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...
Market Insights – Aug 17, 2022

Market Insights – June 2, 2022

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...