How Has The Decline In Oil Prices Impacted U.S. Steel’s Tubular Steel Shipments?

-11.73%
Downside
40.78
Market
36.00
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United States Steel

U.S. Steel’s U.S. Tubular division primarily produces seamless and electric resistance welded steel casing and tubing commonly known as Oil Country Tubular Goods (OCTGs). These products are used in oil and gas drilling rigs.  Due to a reduction in the U.S. rig count as a result of the decline in oil prices over the past couple of years, the division’s shipments will be around 80% lower in 2016 as compared to 2014 levels.

Decline in Tubular Steel Shipments With Fall in Oil Prices

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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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