Energy’s steady price slide fails to pull plug on steel’s oilfield outlook
Sep 29, 2006 | 09:16 AM
| Maria Guzzo
Natural gas, oil and gasoline prices have eased steadily during the past few weeks, but steel industry executives believe the energy and power-generation markets are still good places to find customers.
Clarence ("Mac") McAninch, president and chief executive officer of Universal Stainless & Alloy Products Inc., Bridgeville, Pa., told analysts at C.L. King & Associates' Best Ideas Conference in New York that Universal's expectations for supplying metal products to the energy and power-generation markets are strong.
Likewise, René J. Robichaud, president and chief executive officer of NS Group Inc., Newport, Ky., and David Sutherland, president and chief executive officer of Ipsco Inc., Lisle, Ill., both said earlier in September that their businesses, which supply the energy industry with oil country tubular goods (OCTG), would do well into the future.....
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