Industry Analysis & Industry Trends
The Steel Pipe and Tube Manufacturing industry has had to contend with some heated trading conditions over the past five years. The industry's fortunes are largely dependent on the level of activity in downstream markets and the prices of key inputs such as raw and fabricated steel. The deterioration of economic conditions in late 2008 augured the beginning of troubling times for the industry as demand began to contract. Institutional and commercial construction remained resilient until existing projects were completed, bringing revenue to a forecast $1.35 billion in 2012-13.
Industry profit margins have come under siege during the past five years. Slower economic conditions have hindered demand growth from key markets, limiting manufacturers' ability to pass on rising prices. A... purchase to read more
Industry Report - Starting a New Business Chapter
Although the industry is highly concentrated, with the major players operating on a large scale, approximately 35% of enterprises are non-employers. This indicates that while it takes large amounts of capital to establish large-scale operations, it is also possible to compete on a smaller scale with lower investment requirements. The percentage of non-employing enterprises has increased. However, this is due to the closure and consolidation of a number of larger companies.
Prospective entrants face import competition from countries with lower cost structures such as China and Taiwan. This competition has increased over the past five years as these nations have become more developed and their production capacity has grown... purchase to read more