Featured Product Family
MRC Global provides a broad range of valves that are available in a wide variety of materials from today’s leading valve manufacturers to fully meet even the most complex and unique requirements.
MRC Global’s Projects team adds value through our project execution expertise, global sourcing capabilities, comprehensive products and commercial strength to deliver your project’s unique solution
MRC Global is the chemical industry's source for a complete range of PVF products in carbon steel, stainless steel and special alloys.
Andrew R. Lane
Chairman, President & CEO
Andrew R. Lane has served as our president and chief executive officer since September 2008 and our chairman of the Board since December 2009. He has also served as a director of MRC Global Inc. since September 2008.
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Our People. Our Benefits. Our Opportunities. Our Stability. Our Heart. Our Future.
MRC Global InSight
MRC Global's market-focused magazine, InSight, is published bi-annually for our customers and features product lead times, data, market sector information and price trends.
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The energy market continues to be active in Western Canada with the ongoing development of the oil sands and the growth of shale gas and tight oil production capacity. Canadian drilling activity is forecasted to average 350 active rigs in 2014 (down 1%), with new wells drilled about 10,600 (up 1%) from 2013 levels. Regional year over year new wells drilled are projected as follows:
The first half outlook for the Canadian marketplace is chiefly optimistic. However, the marketplace has presented marginal challenges, including the recent Port of Vancouver trucker strike and variable currency exchange processes. While other distributors continue the process of integrating businesses and systems, MRC Global offers customers stable, diverse product and service offerings.
MRC Global is anticipating a stable demand for core pipe, valve and fitting offerings, with general inventory levels remaining strong with adequate lead times and material availability. Throughout the Q2 2014, ongoing inventory optimization should deliver shorter lead times from manufacturers compared to 2013. MRC Global anticipates on-time delivery rates to remain stable throughout the year.
Many customers are focused on internal growth through CAPEX projects to further develop their current asset base versus the large scale acquisitions we have seen in previous years. The material requirements related to oil sands and thermal applications must be suited for higher pressures and temperatures in highly corrosive conditions. Lead times for specialty products (particularly valves) in these applications can be long and MRC Global is working with our key customers and vendors regarding forward stocking programs. Relatively stable price trends are being forecasted, with the potential for moderate increases in some specialty product lines in 2014. While large upward trends are not expected, some interest has surfaced towards manufacturer standardization in order to best leverage spend. In general, currency exchange may pose the largest pricing hurdles, with MRC Global taking an active approach to mitigate risk for future transactions.
Copyright © 2014 MRC Global - This information is confidential and was prepared by MRC Global for the use of our customers; it is not to be reproduced nor relied on by any third party without MRC Global's prior written consent. Unless otherwise noted, all monetary references in InSight are in USD.
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