Industry Analysis & Industry Trends
The performance of the Metal Pipe and Tube Manufacturing industry is heavily dependent upon downstream industries, particularly oil drilling and gas extraction companies, which cut purchases of industry products considerably during the recession. Additionally, steel price volatility prevented industry operators from optimizing their prices and output levels. However, crucial sources of demand for the industry will continue to come from oil exploration and production, the manufacturing sector, water and gas reticulation and construction over the five years to 2019. Therefore, increases in downstream demand and sustained growth in automotive component manufacturing, will contribute to moderate revenue growth... purchase to read more
Industry Report - Industry Products Chapter
Energy-sector seamless and welded pipes and tubes
There are two primary methods used to produce seamless tubular products, including rotary piercing and rolling and extrusion. According to the Stainless Steel Tube Trade Advancement Committee, rotary piercing and tubing is used to produce the majority of seamless tubular products. In this method, a hollow billet is formed when a steel round is heated and pierced. This billet is then elongated by a roller and then sized by further rolling until the steel tube reaches its desired size.
Energy-sector seamless pipes and tubes are estimated to account for 43.5% of total industry revenue in 2014. The oil and gas sector primarily uses seamless steel pipe products, especially for high pressure applications... purchase to read more