August 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Tenaris (Luxembourg, Luxembourg) officials said last week they expect a variety of factors, including a high rate of U.S. imports for materials related to the production of oil and gas ("oil country tubular goods"), and consolidation in the oil and gas industry, will affect demand for its steel pipes and tubing. Industrial Info is tracking $10 billion worth of active and planned projects worldwide aimed toward manufacturing steel pipes and tubes; the majority of the activity is in China ($2.8 billion), U.S. ($2.6 billion) and Russia ($1.96 billion).
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