I've spent about as much time reading up on the medium term prospects for the oil market as anyone this past week to try and gauge what the market for steel castings and ductile iron castings is likely to be as we head into 2016 . A few stories that kind of sum up the picture [...]
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 [...]
We are seeing some real trouble out there in the steel castings world folks. Despite news that all sectors of the US economy are holding their own, the industrial world, steel foundries in particular, are doing their best to tread water while oil and most other commodities find an equilibrium, but it's painful. There are several [...]