Steel tubing manufacturer CENTRAVIS has reported it expects “steady market growth” through 2015 – following its 4.2% gain in Q1 for 2015.

With the political situation in Ukraine remaining more or less stable, the economy was hit by another devaluation of the local currency. Western markets have remained rather sluggish – both in distribution and project businesses. Nickel also traded at fairly low levels. The Russian Ruble on the other hand recovered from the very low exchange rates experienced in late 2014.

During this Q1/2015, CENTRAVIS made strides to continue a program that aims to expand its instrumentation tube production capacity. The company also remains committed to its World–class Manufacturing Program and has completed two large-scale projects, mainly introducing new standards of workwear & public catering.

“The second quarter is expected to remain without important changes, as price levels continue to suffer from overcapacities in the market. The company’s long-term perspective though assumes steady market growth,” the company states in the Q1 results report. “Transportation (especially automotive), and oil & gas processing industries, will be key growth drivers. We expect higher demand in Asia, the Middle East, and North America. With this in mind, Centravis has intensified customer certification in these regions.”

According to the SMR research company report, unveiled in April 2015, CENTRAVIS has kept the No. 6 position in the global market, came in at a close second for hydraulic and instrumentation systems precision tubes, and in 2014 became the No. 3 manufacturer of furnace tubes for refineries.