The Metal Pipe and Tube Manufacturing industry's performance is highly correlated with the world price of steel and cyclical demand from key markets such as the energy sector and industrial manufacturing. After contracting to almost half its previous level, revenue surged over the five years to 2015. As the industry's primary input, steel prices have a significant impact on the performance of industry operators. Steel prices have fluctuated wildly during the past five years. Difficult operating conditions that have hampered industry sales during the past two years are expected to continue hindering performance during the first half of the next five-year period. Despite these challenges, sustained demand from key markets, such as waterworks and construction will likely help keep the industry afloat.
Operators that are stand-alone producers in this industry manufacture welded, riveted and seamless pipes or tubes from purchased iron or steel. Consequently, steel is purchased as a primary input material in the metal pipe and tube manufacturing process.
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.
