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World Steel Tube Production – Review (2024)
A comparison of the years 2023 and 2024 shows a global decline in production of 8.4 %. However, there are clear regional differences: The strongest decline is recorded in the USA and China, followed by the CIS states and Europe, whose declines are in the single-digit percentage range. In China, a significant drop of 22.8% can be observed for seamless pipes in particular.
With growth of 1.3%, India is the only exception among the countries surveyed and thus clearly stands out from the general trend. In Japan, the decline amounted to 4.2%, which can be classified as moderate compared to the other countries. With the exception of India, no growth was recorded in any region.