15
Sep
14:18
Saudi Arabia agrees stainless seamless pipe joint venture
Saudi Arabian Industrial Investments Company (Dussur) will set up a $230 million pipemaking joint venture with South Korea’s SeAH Changwon Integrated Special Steel (SeAH CSS) Corp. This will see the establishment of the first stainless seamless pipe and tube production plant in Saudi Arabia, Kallanish notes.
SeAH CSS, a high-tech industrial materials unit under SeAH Besteel Corp, will own 60% of the new JV and Dussur will hold the remaining 40%. Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous