Steel Tube, Pipe & Related Fitting Manufacturing in the UK - Industry Market Research Report

Poor Profit: Volatile Steel Prices and Greater Regulatory Pressures Shrink Profit

The Steel Tube, Pipe and Related Fitting Manufacturing industry has been affected by high volatility in global markets. British oil and gas stocks are sinking, with only difficult-to-access reserves remaining untapped. Even during times of successful exploration, volatile global oil prices have reduced incentive for production. These factors have dampened steel tube sales, with revenue expected to contract at a compound annual rate of 2.9% over the five years through 2022-23 to £1.7 billion. Industry companies primarily manufacture seamless or welded steel pipes and tubes, or ferrous metal pipe and tube fittings. Manufacturers that mainly use cast or forged iron and steel are excluded from the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.