The U.S. market is supplied by local manufacturing and overseas imports, mostly from South Korea, Mexico, Argentina and Canada. Local manufacturing capacity, trade policy, currency fluctuations, shipping costs and proximity to markets are factors that determine OCTG supply mix.
During 2017, the Company relieved the net realizable value allowance in the amount of $25.9 million due to sales of inventory, for which the allowance had been previously recognized. During 2016, the Company recognized inventory charges, including excess and obsolete inventory charges totaling $13.0 million. These charges were largely attributable to the downturn in the oil and gas industry, where inventory production costs exceed its current selling price or certain inventory has been deemed commercially unviable considering current and future demand.
Play. A set of discovered or prospective oil and/or natural gas accumulations sharing similar geologic, geographic and temporal properties, such as source rock, reservoir structure, timing, trapping mechanism and hydrocarbon type.
The OCTG market is also affected by import activity and the level of inventories maintained by manufacturers, distributors and end-users. During downturns in drilling activity, customers and distributors prioritize drawing on inventory rather than purchasing new products, causing demand for new production and imports to decrease. Conversely, in periods of increased drilling activity, distributors and end-users typically increase their OCTG inventory levels, which can accelerate demand for new pipe production. OCTG inventory levels in the United States and Canada have historically ranged from four to six months of demand but reached peak levels in late 2015 and the first half of 2016 with average inventory levels exceeding ten months of demand. Large inventory draws in the third and fourth quarters of 2016 brought inventory levels toward the bottom of the historical range in early 2017, balancing the market and providing support to OCTG pricing. According to Preston Pipe, OCTG inventory levels were at approximately 4.1 months of demand in June 2018.
Magician and comedian Piff the Magic Dragon appeared on LIVE before he performed five shows at the Comedy Connection in East Providence over Labor Day Weekend.
The fair values of assets held in the trust are determined based on observable market prices from active markets and therefore have been classified as Level 1 investments.
VT: “Compliance, safety, branding and preservation. Not just one, but all these factors should be considered when you find a packaging solution. We urge businesses not to compromise. Each one of these areas is an important aspect of building your brand and protecting your investment.”
The following table sets forth the beneficial ownership of our common stock that, upon the consummation of this offering, will be owned by:
A shameful display, yes – fighting, remember is the last harbor of feeble minds – but good golly, what a night.
Learning to grow kind bud is crucial, but it’s a small piece of the pie. The years I spent cultivating prior to expanding into a larger-scale operation gave me great confidence, but working with my partners to design a business plan served as a crash course in business, to say the least. There was a lot I didn’t know. In hindsight, there were some things I would have done differently. To help you avoid the same mistakes that I made, I am thrilled to share my humble experience and tips on scaling from a home grow or other small-scale grow to a commercial production facility.
Abstract: Methods and systems enable optimized placement of wavelength shifters in optical networks. The wavelength shifters may include O-E-O regenerators for a single wavelength and all optical wavelength shifters for one or more wavelengths. An auxiliary graph is used to represent various links in a provisioned optical path. By applying cost values to each of the links, different types of optimizations for network resource utilization may be realized.
Finance Expense, net. Finance expense decreased $6.9 million, or 78.5%, to $1.9 million for the six months ended June 30, 2018 from $8.8 million for the six months ended June 30, 2017 as a result of a reduction in outstanding debt and a lower interest rate on our revolving facility.
Bas Rutten talks about breaking a new world record with Karate Combat – Bloody Elbow clock menu more-arrow no yes Horizontal – White Horizontal – White Horizontal | 45 Degree Elbow Related Video:
Adhering into the principle of "quality, provider, performance and growth", we now have gained trusts and praises from domestic and intercontinental consumer for Raccordi per tubi antincendio, Temperguss-Gewindefittings, Thread Pipe Fitting, With all these supports, we can serve every customer with quality product and timely shipping with highly responsibility. Being a young growing company, we might not the best, but we are trying our best to be your good partner.