30
Nov
18:46
Korean company buys Texas tube mills for $100m
A Korean steelmaker has bought two Texas energy tube mills to avoid what it sees as increasingly stringent trade barriers to exporting oil country tubular goods (OCTG), Kallanish learns from Korean media reports.
SeAH Steel purchased Laguna Tubular Products and OMK Tube for about $100 million, company executives say.
The buy gives Korean manufacturers a foothold in the US and a way to legally circumvent duties levied in the wake of the Great Recession against…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous