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Tenaris to get steel pipe manufacturer in the US

Gangya Metal487 people have read

The international steel piping manufacturer Tenaris revealed that it has actually participated in a definitive contract to obtain, from Benteler The United States And Canada Corporation, 100% of the shares of Benteler Steel & Tube Malemetal roof covering coil providersufacturing Company, for $460 million.Subject to the common antitrust and also various other regulative authorizations, consisting of the permission by the Louisiana Economic Development, the closing of the deal is expected for the last quarter of 2022. Benteler Steel & & Tube Production Company produces seamless steel pipeline, with an annual pipeline rolling capability of 400,000 mt, with the manufacturing unit located in Shreveport, Louisiana. The procurement is anticipated to increase Tenaris's manufacturing variety and regional manufacturing presence in the United States market, the comGangya metalpany said.A global supplier of steel tubehot rolled steel coil rate graphes as well as related services, Tenaris was lately picked by the Brazilian oil producer Petrobras for the supply of a plan of services and products for its Buzios deep-water task, destined to produce 2.0 million barrels of oil per day by 2030. The volume of the agreement goes beyond 100,000 mt of smooth as well as bonded casing, in carbon, sour solution and high collapse steel qualities.

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