Global pipe demand set to double this year
Cannot understand why Maharashtra Seamless and Ratnamani Metals were left out.
Regards, Carlos.
On Sep 13, 7:51 pm, rs wrote: > Article in Todays Business-Standard > > Prospects of major piping companies like PSL ,Man industries, JSW, > GAIL > > Global pipe demand set to double this year > > Amriteshwar Mathur / Mumbai September 13, 2007 > > Global demand for pipes is expected to double to 100,000 miles this > year from 50,000 miles in 2005 due to rapid expansion in the oil and > gas sector, a recent report by a domestic brokerage house said. > > The size of the global market for pipes is estimated at $67 billion, > assuming pipe consumption of 250 tonnes a kilometer and average > realisation of $1100 a tonne. > > Domestic players such as PSL, Man Industries, Welspun-Gujarat Stahl > and JSW appear well positioned to take advantage of the global > opportunities in the pipes sector. JSW had recently acquired three US- > based entities from Jindal Saw, which have a focus on the oil and gas > sector. > > Almost 65 per cent of the expansion in global pipe capacity is taking > place in USA, Asia and West Asia. > > Meanwhile, the pipeline infrastructure in the country is currently > estimated at 15,000 km and is expected to increase by another 18,000 > kms over the next five years, as players such as Gail India and > Reliance Industries are expanding their pipeline network to transport > increased natural gas supplies. > > PSL is setting up two-step pipe mill with an installed capacity of > 300,000 tonnes along with its coating facility. This project is > expected to be fully operational in Q1 FY09. Meanwhile, Welspun- > Gujarat Stahl’s 1.5 million tonne plate mill project for backward > integration is on schedule for commissioning in December. > > In the June 2007 quarter, Man Industries operating profit margin > improved 50 basis points y-o-y to 11.9 per cent, while Welspun-Gujarat > Stahl’s operating profit margin grew 390 basis points y-o-y to 16.5 > per cent in the last quarter. > > Linkhttp://www.business-standard.com/common/storypage_c.php?leftnm=10&aut…
