The Steel Pipe and Tube Manufacturing industry has struggled over the past five years, faced with subdued activity in downstream construction and manufacturing industries, and rising import penetration. Local household appliance and automotive component manufacturers use a range of steel pipes and tubes as input materials. However, these markets have struggled due to strong import competition and many operators have shifted production offshore. As a result, revenue is estimated to drop by 5.6% in 2014-15, to reach $958.1 million.
Companies in the industry primarily manufacture seamless or welded steel pipes and tubes, or ferrous metal pipe and tube fittings. Firms that mainly use cast or forged iron and steel are excluded from the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.