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ITA evaluated the global market at the Global Steel Summit

ITA (International Tube Association) president Dr. Gunther Voswinckel talked about the global pipe and tube markets at the Global Steel Summit 2023.

ITA evaluated the global market at the Global Steel Summit

ITA (International Tube Association) president Dr. Gunther Voswinckel talked about the global pipe and tube markets at the Global Steel Summit 2023.

Dr. Gunther Voswinckel began his speech, he defined the International Cylinder Association and explained its areas of interest. Consisting of boards in North America, Europe, India and Asia Pacific, ITA is the only active worldwide association of Tube and Pipe engineers and marketing experts. It offers a unique set of benefits, services and events to promote new technologies and the exchange in the industry, according to Voswinckel.

Stating that the tube market consists of various segments, Voswinckel explains them as follows:

OCTG: Strong but volatile due to oil price and pipeline projects

Automotive: Strong due to auto sales

Mechanical engineering: Highly diverse due to its numerous applications

Construction: strong due to GDP growth and urbanization – competition with steel profiles and concrete structures

Power plants: CO2 reduction leads to reincarnation of nuclear power plants

Latest situation in world tube production

Although world pipe production showed a slight decline in 2022, a growth was predicted in the first half of 2023.

In the second half of 2023, a slowdown in pipe production is expected as geopolitical turmoil increases.

Although this decline was also experienced in India, especially in the welded pipes category; China maintained its leading position in world tube and pipe production.

In order to compensate for these negativities, CIS has tended to focus on its own production other than welded pipes.

“Tube demand is calming down”

Dr. Gunther Voswinckel stated that the demand for tubes and pipes in global markets has slowed down since mid-2022. In addition, he also stated that the tube price index decreased by 25%.

Hollow profiles have decreased by 15% today, after reaching their peak on February 23, 2023.

Although hot rolled coil prices increased at the beginning of 2023, they have shown a slowing trend since March 23, 2023.

Upcoming markets such carbon capture and hydrogen pipelines will offer new marketing windows for tube producers. 

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