Global demand for steel pipe is forecast to advance 3.5 percent per annual through 2019 to 79.7 million metric tons, with growth paced by continued strong increases in developing markets.construction activity slows in China and numerous other developing countries.so as oil and gas exploration in North America.
Though the world's economic moderating,china,as the largest national market,also grow in slowly.The oil and gas market is the dominant application for steel pipe. Steel makes up the vast majority of pipe used in oil and gas transportation and especially production due to its high strength and pressure and thermal resistance. Demand for oil and gas pipe also advances are expected to decelerate because of slowing exploration and drilling due to already high production and lower oil prices Steel pipe used in equipment manufacturing is expected to see above-average growth through 2019. Although efforts to simplify automotive manufacturing and reduce the weight of finished products will check more robust demand advances, continued expansion in durable goods manufacturing will support strong growth. Structural steel will also see growth above the global average through 2019. Although slowing expansion in the oil and gas market (as structural steel pipe is often used in well construction) will limit advances, construction spending growth will drive demand.
Steel pipe also sees significant usage in construction markets, where it is used in a variety of applications, such as conduit, sewer, and drainage. However, unlike the oil and gas market, steel exhibits lower penetration in most applications due to price and performance advantages of other materials such as plastic.
Threeway Steel is known as a professional supplier engaged in manufacturing and distributing a wide range of steel pipe, and our headquarter located the central part of China – Hunan and six associated factories throughout China.
Threeway Steel is known as a professional supplier engaged in designing, manufacturing and distribution of a wide range of steel products with the headquarter located the central part of China – Hunan and six associated factories throughout China.
Threeway Steel is known as a professional supplier engaged in designing, manufacturing and distribution of a wide range of steel products with the headquarter located the central part of China – Hunan and six associated factories throughout China.
Threeway Steel is known as a professional supplier engaged in designing, manufacturing and distribution of a wide range of steel products with the headquarter located the central part of China – Hunan and six associated factories throughout China.
Threeway Steel is known as a professional supplier engaged in designing, manufacturing and distribution of a wide range of steel products with the headquarter located the central part of China – Hunan and six associated factories throughout China.
