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24 Aug
10:52

Eurofer upgrades pipe growth forecast on oil recovery

Eurofer has upgraded its growth outlook for EU steel tube output to 9.8% on-year in 2021, as a result of a recovery in global oil and gas demand and assuming the pandemic impact fades in the third quarter. This bodes well especially for large welded tube demand. “Most important regional projects from which EU-based large welded tube producers could benefit had been put on hold and little progress was made over the past few months in solving the political and…
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