Midsteel Group stocks and manufactures carbon and stainless-steel flanges and pipe fittings for the oil, gas, petrochemical and power-generation industries. Clients typically include oil companies such as Shell and BP and construction contractors. During the recession the company has been able to generate additional revenue by selling its components to equipment manufacturers in Europe and the Middle East that have contracts in the oil industry. Overseas turnover has also been boosted by high oil prices, resulting in international sales growing 63% a year from £3.6m in 2007 to £9.6m in 2009.
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