Steel News

We strive to let you one step ahead of the market.

Baker Hughes: US rig counts rise, Canada’s drop w-o-w

10 Feb 2026 15:24 reported by Joy Liu

A A A
According to the report from Baker Hughes, in the week ending on February 6, 2026, the US rig count rose by five to 551 units compared to the previous week. Among them, the number of drilling rigs for natural gas increased by five to 130 units, and that for oil grew by one to 412 units. The total number had a year-on-year decline of 35 units.

During the same period, Canada’s rig count decreased by four to 228 units from the previous week, including 155 oil rigs (down by one week on week) and 73 gas rigs (down by three week on week). Canada’s rig number fell by 21 units compared to the same period a year ago.

Back to Steel News

Related News

Kametstal starts B500C rebar production for Romanian market

  • Longs, Pipes, Tubes
  • 11 Mar 2026 14:55

Corinth Pipeworks to acquire Liberty Pipes Hartlepool

  • Longs, Pipes, Tubes
  • 11 Mar 2026 14:54

European Commission receives Vietnamese copper pipe dumping document

  • Longs, Pipes, Tubes
  • 9 Mar 2026 14:42

Vietnam's Hoa Phat launches new 400,000-ton steel pipe factory

  • Longs, Pipes, Tubes
  • 9 Mar 2026 14:09

Mexico reviews AD duties on prestressed steel from 3 countries

  • Longs, Pipes, Tubes
  • 9 Mar 2026 10:33

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,333.50
  • 3,364.00
  • Aluminum
  • 3,402.00
  • 3,388.00
  • Copper
  • 12,919.50
  • 13,020.00
  • Nickel
  • 17,300.00
  • 17,500.00

Learn more