Though construction activity in China and some other developing countries has slowed since the 2009 to 2014 period, global demand for steel pipe is projected to advance 3.5 percent annually through 2019 to 79.7 million metric tons, according to a recent industry study from the Freedonia Group. Steel pipe sales are driven by the industries that use it. Read below as analyst Mariel Behnke explains.
“A number of different factors influence demand in each market. For instance, the oil and gas market is driven by energy demand, as well as oil prices and global political concerns,” notes Ms. Behnke.