31
Oct
13:33
Jindal SAW secures water sector HSAW pipe orders
Indian pipe demand growth should accelerate to 7-8% annually in the next five years from 4.5% in the previous five, says Jindal SAW. This will be driven by oil & gas, as well as water supply and sanitation projects, irrigation and increased usage of steel pipe in urban infrastructure projects.
In the second fiscal quarter through September (FQ2) Jindal SAW reported a 77% on-year surge in LSAW pipe sales to 77,000 tonnes, but HSAW pipe shipments dropped …
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Very good overview of the weekly steel market.
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