20
Nov
07:29
Husteel invests in Vietnamese pipe firm
Korean OCTG supplier Husteel is targeting greater sales to the Vietnamese market through investments in downstream companies. By investing in Vietnamese pipemakers it is also able to work around US tariffs on Korean pipes, Kallanish notes.
Husteel has signed a memorandum of understanding with Vietnam’s PV Pipe to acquire shares in PV Gas and PV Pipe to fund an expansion or upgrade of capacity. PV Pipe has agreed to help Husteel sell its products …
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Anonymous
Very good overview of the weekly steel market.
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