Optima Sees Fracking Increasing Specialty Steel Demand

November 29, 2012

Demand for specialty-steel products used in hydraulic fracking is poised to continue rising next year as energy companies step up exploration and production in shale-rock formations, Optima Specialty Steel Inc. said.

Optima's sales of steel tubing to natural gas producers have climbed 15 percent in 2012, and a similar increase is forecast for 2013, said Kevin Stevick, chief executive officer of the closely held company. Growth at the Miami-based company is coming from fracking in states including Ohio, West Virginia, Pennsylvania and New York, he said.

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