Wave The Checkered Flag: The Q2 Results Are In!

Photo Courtesy Chesapeake Energy

Photo Courtesy Chesapeake Energy

Susan Murphy | Publisher

Susan Murphy | Publisher

Wave the checkered flag: the results are in on our Q2 2013 OCTG inventory yard survey. As we rev up for the second half of the year we’re pleased to announce that inventories are on the right track, which is to say: shifting down. As our subscribers know, we pull out all the stops for our quarterly surveys: tracking demand for OCTG throughout the entire supply chain.

To insure the most accurate results we involve a crew of people who count pipe at truck terminals, mills, processors and inspection yards across the lower 48 every quarter. Complete details of our survey results can be found in our July Report launched on the 23rd.

Changing course for a minute, let’s talk about the elephant in the oil patch: that weighty issue called imports. No longer idle chitchat; in early July a coalition of domestic OCTG producers filed one of the largest steel trade cases in years against nine countries. The space we have here limits our discussion on this matter so we’ve included some FAQs on page 9 of July’s Report. Suffice it to say, there’s a lot riding on this. A favorable ruling by the ITC would restore a level playing field, offering an improved climate for OCTG pricing and helping to keep inventories in check.

We close our survey where the rubber meets the road noting that U.S. apparent consumption and months of supply are both in a good place, paving the way for a strong finish to the year.

About The OCTG Situation Report

Susan Murphy is the Publisher + Editor in Chief of The OCTG Situation Report, a leading authority focused on the North American Oil Country Tubular Goods market. Susan has worked alongside the founder of The OCTG Situation Report, Duane Murphy (and yes, there is a family connection!) for the past decade assisting in various aspects of producing the monthly publication and special projects including market research and development. It had long been suspected that Susan carried the 'OCTGene,' a fact that was confirmed when she took the reins in 2012. A native of Michigan and now practicing cowgirl, Susan employs her education from both the University of Michigan and Michigan State University bringing her expertise in the areas of research, marketing, branding and creative and technical writing to The Report. She has also enjoyed a successful business career as a lauded entrepreneur, running her own brand/marketing and advertising/design firms.
This entry was posted in Energy, Inventory, OCTG, OCTG Inventory Survey, Oil & Gas Industry, Oil Country Tublular Goods, Oil Patch, Pipe, Prime Pipe, Q2, steel industry, Supply Chain, Tubular Goods and tagged , , , , , , , . Bookmark the permalink.

2 Responses to Wave The Checkered Flag: The Q2 Results Are In!

  1. Colin Bibb says:

    Really Enjoyed the Industry Perspective. Feel Free to Drop us a line anytime at JoyPipe USA, LP.

  2. Hi Colin,

    Thank you for sharing the ‘Joy!’ Much appreciated.

    If you’d like a complimentary copy of The Report please email me at Susan.Murphy (at) octgsituationreport (dot com)

    Best regards,

    Susan

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