February traditionally is our Annual Report, or state of the ‘OCTG’ address if you will; a Report wherein we look back at what was, with the idea of gleaning some idea of what might be.
So here’s our brief from the ’Situation Room’: if you thought 2012 was a good year, you’ll probably like 2013. The key barometers of our industry’s health suggest a year that mimics 2012 in many respects. You’ll find a number of tables and charts throughout our Report this month that will help to illustrate the events that led up to 2013.
While we’d like to linger on the view from our rose-colored glasses we can’t lose sight of the fact that there are some real issues that threaten our mettle. Bottom line: supply must find demand in order for a balanced market to prevail.
All things considered we’ll be looking onward and upward as we cruise through the year buoyed on the paradox that despite all the tumultuous events and dire news we’ve lived through over the past five years, our industry continues to grow. This fact alone doesn’t guarantee another record year but at least it sets the tone for what could be a lucky 2013.