KaneIsAble said:
Carbon and stainless steel only (so far). Google section 232 and you'll see the 3 options presented to Trump 10 days ago. He doesn't have to do anything and can ignore it all, but we believe the 12 country option is the most likely but the pipe industry has increased prices to cover the 24% option just in case.
This is exactly what I was talking about in my original post. There are far reaching implications across the industry at stake here. Government intervention could cause a very interesting chain reaction: pipe prices spike, well economics get hammered, capex (and people gets cut) production slows, commodity prices increase, drilling picks up, here we go again....