As if the Steel Foundry industry was not already reeling enough as it is…
I think this article says it all: http://www.bloomberg.com/news/articles/2015-10-20/after-year-of-pain-opec-close-to-halting-u-s-oil-in-its-tracks
To expound on what the article says, OPEC will continue to crush the U.S. Oil Boom with production levels that won’t allow the price of oil to return to $60-$70 per barrel until mid to late 2016.
What does that mean for those of us that make steel castings and stainless steel castings? It means the bumpy ride continues. All market segments seem to be re-trenching right now playing a game of wait and see.
So wait we shall.