Pipe, tube demand tepid: Hyundai Hysco

May 08, 2013 | 04:46 PM | Thorsten Schier

Tags  pipe, tube, steel, flat-rolled prices, drill rig count, oil country tubular goods, OCTG, Sam Choi Hyundai Hysco

HOUSTON — Hyundai Hysco Ltd. has seen a tepid start to 2013 after steadily improving demand each year following the recession, a top executive told AMM on the sidelines of the Offshore Technology Conference (OTC) in Houston.

Part of the problem has been the declining rig count, according to Sam Choi, deputy general manager of the South Korean steelmaker’s pipe and tube export team, noting that "2012 was really great. So last year, especially around December, we expected much more progress this year. But after the first quarter ... we realized that last year was better than this year."....

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