MRC Global InSight

International

COVID-19 continues to impact the supply chain in Europe. Many countries are experiencing a third wave of infection and lockdowns are prevalent. MRC Global has been designated as a critical supplier in all of our operating countries and we continue to serve our customers through this uncertainty.


MRC Global has been designated as a critical supplier in all of our operating countries and we continue to serve our customers...


However, demand continues to be impacted and manufacturers' on-time delivery performance is generally an issue due to freight and logistics challenges.

In the Asia Pacific region, COVID-19 restrictions are less severe. Although there are travel restrictions between countries, domestic travel and domestic working conditions are returning to normal. Demand for commodity products from North America and Europe is weak, and capacity is available at Asian manufacturing plants.

Upstream activities and opportunities in the North Sea and the Norwegian Continental Shelf continue to lag.

The Caspian region is also slow with major projects deferred until 2022 or beyond.

Downstream activity has also been slow due to COVID-19. However, there are some encouraging signs of increased demand around renewable energies. Pressure to reduce emissions is driving investments in carbon capture and biofuel developments. The chemical sector is also active.

In Australia, the mining industry remains a bright spot with continued activity in the iron ore and gold markets. COVID-19 has restricted supply, but demand is strong.