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Tenaris' Mexican Unit Tamsa to Cut St...

by tubelinks on 02/25/2015 - 01:10 am
Tag: Press Release

Low global oil prices have forced Tenaris' Mexican unit Tamsa to reduce steel tube production by 10%-15% this year, the company said."Due to the drastic fall in the American and Canadian markets caused by the global situation of the oil price, we experienced in the first two months of the year a reduction between 10-15%," the steel tube maker said. "However, we expect a recovery to start in the forthcoming months and to stabilize."The company expects a reduction in steel tube consumption in Mexico of around 15% this year, Tenaris' North American area manager German Cura said during a conference call regarding the company's quarterly results Thursday. Global consumption of oil country tubular ...

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EU Steel Tube Output Rose by 2.8% YoY...

by tubelinks on 02/17/2015 - 06:11 pm
Tag: Press Release

EU steel tube output rose by 2.8% YoY in the Q3 of 2014. Highlights; 1. Production rose in Q3 2014 2. Linepipe/OCTG market outlook clouded by low oil price and termination Southstream project 3. Other tube demand to improve 4. Slight rise tube output in 2015/16. Similar to the activity trends seen in the H1 the performance at the country level diverged significantly in a reflection of product range, the balance between domestic and export end user segments as well as the exposure to international competition. Output in France and Spain and Sweden fell sharply, whereas particularly in Poland but also in Germany, Italy, the UK and Sweden production activity improved. Market conditions are expe ...

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Dominion Reaches $400M Agreement for ...

by tubelinks on 02/17/2015 - 05:53 pm
Tag: Projects

The proposed Atlantic Coast Pipeline now has a manufacturer.  The proposed 42-inch, 550-mile natural gas pipeline will be produced by Dura-Bond Industries, pending approval of the Federal Energy Regulatory Commission.

Dominion Resources announced last week that it had reached a more than $400 million agreement with Dura-Bond for the steel pipe’s production.

If approved by FERC, the pipeline would run from Harrison County in West Virginia to Robeson County in North Carolina, cutting through Virginia with a lateral extension through Chesapeake.

Dominion spokesman Frank Mack said Dura-Bond will take about a year to manufacture the pipe at its Steelton, Pennsylvania mill.  Dur ...

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Prakash Steelage Hives Off Tube Divis...

by tubelinks on 02/17/2015 - 05:49 pm
Tag: Press Release

Prakash Steelage has spun off its seamless stainless steel tube division into a separate entity to form a joint venture with Spain-based Tubacex.

The Spanish company will pay ₹250 crore to the Prakash Steelage for its 68 per cent equity stake in the new entity yet to be named.

Of the total sum, Prakash Steelage will use ₹200 crore to partly pay ₹340 crore debt at the parent company level.

New productsThe rest of the money will be utilised to bring in new products and technology at the joint venture company. Being listed on NSE and BSE, Prakash Steelage has to seek shareholders approval on the proposal.

Speaking to media Ashok M Seth, Executive Director, Prakash Steelage, said the deal w ...

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Dura-Bond to Produce Steel Pipe for $...

by tubelinks on 02/09/2015 - 03:58 pm
Tag: Projects

Dura-Bond Industries has won a contract worth over $400m to produce steel pipe for a 550-mile natural gas pipeline project in the US.

The proposed Atlantic Coast Pipeline, which is expected to cost between $4.5bn and $5bn, is being developed by four energy firms Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources.

The pipeline will transport natural gas from West Virginia to eastern North Carolina.

It will run from Harrison County in West Virginia, south-east via Virginia with an extension to Chesapeake and south through central North Carolina to Robeson County.

Dura-Bond plans to produce the pipe at its Steelton mill in Pennsylvania starting late 2015 through March 2017.

Cons ...

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