30
Jun
14:02
Welspun sales drop, foresees pipeline rebound, gas shift
Sustained OPEC and OPEC+ oil production cuts and oil demand rebounding to pre-pandemic levels will continue to lift oil prices, spurring global demand for line pipe, says Welspun. Gas accounts for 82.7% of global pipelines in pre-construction and construction, reflecting the shift from oil to gas in the global energy economy, it adds.
In the fiscal year through March 2021 (FY21) Welspun saw consolidated pipe sales fall 33% on-year to 1 million tonnes, although Ind…
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Anonymous
Very good overview of the weekly steel market.
Anonymous