Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

[Video] New Approaches to Sourcing Steel-Based Products in Oil & Gas

November 23, 2016 at 10:06 AM / by PowerAdvocate

We're excited to share a brief 10-minute video update on the steel market for Oil & Gas Supply Chain firms. In the video below, we cover:

  • How savvy Oil & Gas firms are shifting from importing finished steel products like line pipe to a hybrid approach of importing raw steel plate and taking advantage of rolling and coating services in the domestic U.S.
  • Which steel tariffs are still in play, which countries have the lowest rates, and how those tariffs impact future sourcing strategies for more specialized steel products
  • Why domestic coating may result in savings on freight costs and regulatory complications
  • Why U.S. production of steel plate has historically been lower relative to U.S. production of hot-rolled steel, and why this complicates a completely domestic approach

 

Interested in talking through your sourcing strategy for steel-based products? Send us a note at costinsights@poweradvocate.com

 

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