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16 Nov
13:33

Welspun 'optimistic' despite cheaper energy, September-quarter sales decline

Welspun is “…cautiously optimistic” on its demand outlook despite the prospect of a protracted period of lower energy prices. This is because cheaper energy is making its customers sensitive to transportation costs, meaning they prefer pipelines over other transportation modes, according to the Indian welded pipemaker. Demand in the Middle East and North Africa (MENA) is being driven by Iraq, parts of Africa and gas and water pipeline projects…
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