The steel pipe industry: Riding on the back of favourable government policies – 11 Feb 2022

The line pipe industry in India is all set to flourish. The global steel pipes and tubes market is expected to reach $279 billion by 2027, with a CAGR of 8.4% in the next four years. India is the third-largest manufacturer of steel pipes with an estimated market size of Rs. 33,000 crore, which registered a steady 8.2% CAGR over the past 10 years.

The government’s focus on increasing participation of local firms in government projects by disallowing global tenders for up to Rs. 200 crore, government spending on infrastructure projects (Jal se Nal, expansion of the National Gas Grid, and CGD pipelines among others), and anti-dumping duties on imports of seamless CS pipes from China would drive overall demand for steel pipes going ahead.

Here is one company clearly benefiting from it