This example will surely help you to learn how to design a piece of the steel pipe.
New File: Create a new file with any size as you want.
Draw a Pipe: Choose "E52247" color and Rectangle tool (U key) to make a rectangle shape as I have done here.
Effects: Go to Layer Menu > Layer Style > Stroke, Gradient Overlay, Inner Shadow and use same settings.
You will get it.
Recommend the tutorial