by Site Administrator | Oct 27, 2021 | Industry Insights, Insights
The above represent raw material input costs that directly impact our cost of goods.HRC pricing has increased approx. 173% in the past year.Iron Ore pricing was ‘reacting’ like HRC but is down almost 45% since mid-July on concerns about demand from China, the producer...
by Site Administrator | Sep 30, 2021 | Industry Insights, Insights
Brent and WTI prices are showing strength again. WTI is hovering above $74/barrel, while Brent is almost $78/barrel.The U.S. Rig Count increased to 521 as of Sept. 24, 2021 from an historic low of 244 on August 14, 2020. This, however, is still below the 796 U.S. rigs...
by Site Administrator | Jul 14, 2021 | Industry Insights, Insights
Hot Rolled Coil, Iron Ore, Scrap Index, #1 Busheling Scrap The above represent raw material input costs that directly impact our cost of goods.HRC pricing has increased approximately 270% in the past year.Iron Ore pricing is ‘reacting’ like HRC, up...
by Site Administrator | Jul 8, 2021 | Industry Insights, Insights
Drilled but uncompleted wells (DUCs): Lower 48 states Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 15% year-over-year and 11% year to date (YTD).The Permian and Niobrara regions have seen the largest declines YTD at 25% and 19%...
by Site Administrator | Jun 22, 2021 | Industry Insights, Insights
U.S. Land-Based Rig Count by Basin: as of June 18, 2021 Comparing year over year Rig counts by basin. About Trident Steel
