Guys,
Looks like my original opinion may be wrong.
Found this
"Butt Welding Fittings conforming to the requirements of ASTM specifications A234, A403, A420, B361, B363 and B366 shall use marking symbols consisting of the prefix 'WP" added to the ASTM-specified grade identification symbol.
Examples: WPB, WP304, WPL6, WP6061, WPT1."
Based on the above I am leaning towards "Weldable Pipe" or "Weldable Product" rather than "Wrought Product"
Five of the six specifications noted above are for Wrought Products but B363 throws a spanner in the works because it is not applicable to wrought products.
It is strange that there is so little information available on the internet regarding what these symbols actually mean.
Regards,
Shane