In 2020, prior to Covid, the small diameter line pipe segment was in an inventory liquidation mode. Weakening rig counts flipped that around but overall for the year, we believe inventories will end lower. Our projection for 2020 suggests about 700,000 tons of small diameter line pipe shipments which would represent a record low with 2009, at 871,000 tons, the next lowest. Keep in mind that horizontal drilling was a smaller part of the mix in ’09. For 2021, we expected modest growth in small diameter line pipe shipments with maybe a 10 improvement. This would expand if rig count growth is faster than we currently anticipate.
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