With 1.4 billion inhabitants, one of the world's fastest-growing economies, and a government infrastructure programme worth 1.5 trillion US dollars, India is emerging as the next major driver of the global steel, wire and tube industry. For international manufacturers and technology providers, a market of historic proportions is opening up.

Spanish seamless steel tube producer Tubos Reunidos has entered insolvency proceedings amid rising debt, weak market conditions and growing pressure on Europe’s energy-intensive pipe industry.