The total size of domestic steel tube production more than doubled in 2018 compared with the previous year, due to the signing of major projects abroad by the leading company in the industry, ICAP said in a survey released on Monday, according to ANA.
The size of the domestic steel tube market (in tonnes) recorded a cumulative decrease of 60% in the period 2008-2018, due to the sharp decline in the construction industry. It is noteworthy that some businesses have changed their activity to face increasing competition and a negative economic climate. However, in the last few years, the market has experienced small annual increases (1.3% in 2018/2017). The latest developments and prospects for this sector are presented in the sectoral survey conducted by ICAP’s Economic Studies Division.
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