Global steel pipes, tubes market to reach 86.7M tonnes by 2015

The global market for steel pipes and tubes is projected to reach 86.7 million tonnes by the year 2015, determined by the level of economic development and industrialisation, according to Global Industry Analysts Inc. The focus of infrastructure development activities, particularly in developing countries, is likely to foster the demand for steel and other metals products. The global demand for steel pipes and tubes witnessed a sharp decline in 2009, due to the mounting stockpiles, particularly in the oil pipeline sector. Volatility in prices, and dramatic price decline in export markets also affected prospects in the steel pipes and tubes sector. The global production of steel tubes fell drastically across various product categories. Steep decline was witnessed in order intake in most industries, which significantly affected the global production of steel tubes. The decline was evident despite the fact that Chinese tube manufacturers raised production capacity by over 6-8%. Further, anti-dumping duties imposed by the U.S. and European Union significantly affected exports of steel pipes and tubes from countries such as China and South Africa. The global demand for seamless steel tubes declined due to the sharp fall in the orders from the energy sector, which in turn was caused by the steep decline in the prices of oil and gas. The electric resistance welded pipes represents the largest segment in the global steel pipes and tubes market. The pipes address the drilling and distribution requirements of the oil and gas sector, and are also used in thermal, petrochemical, processing and pharmaceutical industries due to their resistance to corrosion.Air Jordan IV 4 Running Shoes