NEW YORK MRC Global Inc.
expects activity in the midstream market to pick up during the
second quarter after the company saw a first-quarter slowdown
due to colder winter weather.
"May, June is really the best
time for us in midstream," chairman, president and chief
executive officer Andrew R. Lane said during the companys
earnings conference call May 3, adding that "the weather really
hurt us early on."
The weather also created a
backlog of projects, Lane said.
In terms of pricing, Lane said
the company is seeing some pressure on spot prices for
electric-resistant welded (ERW) line pipe, while seamless line
pipe tags are stable.
Overall, the Houston-based
distributor of pipe, valves and fittings sees a much stronger
performance ahead. "Were definitely projecting a much
stronger second half than ... the first half," Lane said.