Seamless Pipes Global Industry Scenario

Stocks in this industry : Jindal Saw,Maharashtra Seamless, Welspun gujrat, man industries etc....

Source Excerpted From: ICICI Direct. Article from StockIdeas.org

Growing oil and gas demand across the world and the zeal with which oil companies are investing on adding pipeline infrastructure promise higher revenues for Indian steel pipes makers.

• Global demand-supply scenario favours Indian manufacturers

• Depleting crude reserves stimulating demand for seamless pipes

• Global demand – supply set to remain in favor of India…

• Depleting reserves stimulating seamless pipes’ demand …

• Booming oil economy to boost pipe demand
  

• US to be the largest consumer

• Asia to lead pipe demand with strong growth in energy consumption

• Middle East – an important destination for Indian players

• Gas transportation pipelines – a major boost

• Water resources management – another key area

• India set to benefit from global demand supply imbalance

Source Excerpted From: ICICI Direct. Article from StockIdeas.org