Market players can feel positive changes in the global pipe market and, perhaps, its recovery by 2011, Duncan Pell, the commercial director of the Ukrainian pipe and railway wheel producer Interpipe Corporation said at the CRU 16th World Steel Conference held on March 23-25 in Sharm El Sheikh, Egypt.
Accordingly, among the regions with high growth potential, Mr. Pell identified South America, North Africa and the Middle East.
Giving a comprehensive overview of the OCTG and line pipe market, the Interpipe official said, "The increase in the prices of oil and gas together with demand growth will lead to improved exploitation activities, the development of distribution infrastructure and new challenging exploration locations. All these factors will greatly influence OCTG and line pipe markets introducing higher requirements and specifications for suppliers. I believe Interpipe is able to meet these high standards delivering high quality products to its customers."