Industry Analysis & Industry Trends
Firms in the Steel Tube, Pipe and Related Fitting Manufacturing industry make a variety of different products for use in a range of applications. The industry's revenue is expected to be about £2.08 billion in 2011-12, compared with about £2.05 billion five years earlier (yielding average annual growth of 0.3%). Industry revenue is expected to expand by about 28.6% in 2011-12, mainly reflecting substantially higher steel prices and some expansion in production volumes as demand for steel pipes and tubes firms. The increase comes after two years of steep decline. The industry, which accounts for about 0.04% of total UK GDP, is expected to generate net profit of about £242.4 million in 2011-12... purchase to read more
Industry Report - Industry Products Chapter
The industry makes a wide variety of products from carbon steel, alloy steel and stainless steel. The single major type of steel pipe produced is oil country tubular goods, which are used in the construction of oil and gas pipelines, both onshore and offshore. Reduced activity in the UK oil and gas sector, the result of declining reserves and falling output, have seen this market decline in importance.
Structural steel pipe and tube is the second largest output category. Weak and falling construction activity in the United Kingdom has had a negative effect on the demand for this product. Various types of precision tubing make up the bulk of remaining industry output... purchase to read more