THE LINE PIPE MARKET

摘要

We have often referred to our line pipeinventory model when discussing our views ofthis market. According to that model, whichincludes a consumpton component andassuming our most likely OCTG case, weexpect line pipe consumption to increase fromabout 665,000 tons in 2016 to about 900,000tons in 2017. In 2016 we expect shipments of<= 16” product to end the year at about890,000 tons.