THE OCTG MARKET

摘要

While it’s early to talk in detail about aforecast for next year, it is, as always, oneveryone’s mind. As we’ve commented inearlier issues, there is a significant diversionbetween the day to day view of the market andthe looming effect of the underinvestment inthe industry globally that has been the normsince 2015. Data continues to develop aroundthese two, not necessarily opposed, views ofthe market. Our view is that the lack ofinvestment HAS to show up at some point inthe industry but we also believe that theinvestment dollars, particularly in the U.S.,have gotten much more efficient.