24
May
14:42
Welspun anticipates strong Indian linepipe demand despite delays
Volatile energy prices, reduced access to capital markets and oil & gas sector consolidation have delayed pipeline projects. This, coupled with unstable steel prices and a high level of competition, have created a challenging business environment, according to Welspun.
Nevertheless, the opening up of new markets and strong domestic linepipe demand make for a positive near-term performance forecast. “Despite challenges, we remain positive on the lo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous