By What Percentage Will U.S. Steel’s Tubular Revenues Rise If Oil Prices Rise To $100 Per Barrel By 2018?

-11.73%
Downside
40.78
Market
36.00
Trefis
X: United States Steel logo
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United States Steel

  • 90% of the U.S. Steel’s Tubular division’s shipments are used in oil and gas drilling, with a strong correlation between demand for tubular steels and oil prices
  • The tubular division’s revenues could rise by 185% if Brent Crude oil prices rise to $100 per barrel by 2018

Oil at $100 Part 1

Oil at $100 Part 2

Have more questions about U.S. Steel? See the links below.

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for U.S. Steel

 

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