How Has The Decline In Oil Prices Impacted U.S. Steel’s Tubular Steel Shipments?
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.
Have more questions about U.S. Steel? See the links below.
- What Is U.S. Steel’s Revenue And EBITDA Breakdown?
- What Is U.S. Steel’s Fundamental Value Based On Expected 2015 Results?
- How Has U.S. Steel’s Revenue Composition Changed Over The Last 5 Years?
- By What Percentage Did U.S. Steel’s Revenue & EBITDA Change In The Last 5 Years?
- By What Percentage Can U.S. Steel’s Revenue & EBITDA Grow In The Next 3 Years?
- How Has The Increase In Steel Imports To The U.S. Impacted U.S. Steel’s U.S. Flat-Rolled Steel Operations?
- Can U.S. Steel Stock Return To Pre-Inflation Shock Highs?
- What’s Happening With U.S. Steel Stock?
- Will U.S. Steel Stock Continue To Outperform Despite Economic Headwinds?
- Is U.S. Steel Set For Tough Q3 Results?
- Why We Are Cutting Our Price Estimate For U.S. Steel Stock
- How Will U.S. Steel Stock Fare In An Uncertain Economy?
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