Subscribe to RSS

Found 9 records | Page 1 of 1

Tata Steel looking to offload 25-acre...

by tubelinks on 12/19/2013 - 09:52 pm
Tag: Press Release

Tata Steel Ltd is looking to sell a 25-acre property at Borivali in Mumbai, which earlier housed the company’s steel wire production plant, a source at real estate consultant Knight Frank LLP said.

The company has asked buyers to submit expression of interest by Jan 3, based on which qualified participants will submit their initial offers for the property by Feb 10. According to reports, the property is valued at 10 bln rupees. Production at the Borivali unit was discontinued from Aug 30, 2009, after the plant became unviable and non-competitive on account of environmental, logistics and financial issues owing to  the huge cost of its presence in Mumbai.

Corpac Steel Products Launches New Ap...

by tubelinks on 12/19/2013 - 09:48 pm
Tag: Press Release

Corpac Steel Products, Corp. ,is proud to announce the launch of a new pipe calculation app. The app provides fast and convenient access to steel pipe charts, pipe specifications and conversion calculators, for professionals in the pipe and steel industry from any location at anytime. The easy-to-use, interactive tool features industry-related calculators and simple navigation that make it easy to convert feet to tons, and dollars-per-foot to dollars-per-ton.

"With the launch of this app, our customers have immediate access to pipe price estimates, quotes and order requests, whether they're at a job site, on the road or at their desks," said Jorge Woldenberg, President, Corpac Steel Product ...

Read More

Maintenance Staff Strike at Scunthorp...

by tubelinks on 12/19/2013 - 09:45 pm
Tag: Press Release

About 50 maintenance workers at Tata Steel in Scunthorpe have gone on strike after claiming they have not been offered a pay rise.  The contract staff, who are employed by a company called Tube City IMS, maintain the plant's furnaces.

Tata Steel said the stoppage, from 06:00 to 22:00 GMT on Tuesday, would not affect production at the site.  When contacted by the BBC, Tube City said it had no comment to make about the dispute.

Rob Morris, regional secretary of the construction union UCATT, said he hoped Tube City bosses would "come to their senses" and hold talks.

He said: "The company has failed to enter into sensible negotiations and as a result members overwhelmingly felt that ...

Read More

Kinder Morgan Files Formal Applicatio...

by tubelinks on 12/18/2013 - 02:11 am
Tag: Projects

A second pipeline proposal to transport oil to Asia was officially launched when Kinder Morgan filed a project application for its $5.4-billion Trans Mountain expansion.

The project would nearly triple oil capacity to 890,000 barrels annually and bring about 400 more tankers a year into Burrard Inlet (up from about 80) if it is approved by the National Energy Board and subsequently by the federal government.

The 1,150-kilometre pipeline will carry diluted bitumen from the Alberta oilsands, starting in Edmonton, through Jasper and across B.C. to the company’s Westbridge Terminal in Burnaby.

Kinder Morgan says nearly three-quarters of the proposed expanded pipeline’s length acro ...

Read More

Illegal Used Pipe Usage Costs Russia ...

by tubelinks on 12/14/2013 - 07:33 pm
Tag: Press Release

Russian steel and pipe producers lose about $600 million annually as a result of the illegal use of used pipe, Oleg Kalinskiy, head of the Russian Pipe Industry Development Fund reported.

The fund estimates that the used pipe market to amount to about 700,000 tones, part of which is used illegally, Kalinskiy said.

Tube consumption in Russia is expected to reach 9.75 million tones in 2013, up 3 percent from 2012.

China to Impose Anti-dumping Measures...

by tubelinks on 12/14/2013 - 07:20 pm
Tag: Press Release

China's Ministry of Commerce (MOC) reported that it will impose provisional anti-dumping cash deposits on imported alloy-steel pipes from the European Union (EU), Japan and the United States.

Effective from Dec. 17, the cash deposits will range from 11.4 percent to 44.2 percent for companies from the EU, 9.2 percent to 39 percent for U.S. companies, and 36.6 percent on companies from Japan, the ministry said in a statement on its website.

The ministry said a seven-month investigation found that producers in the EU, Japan and the U.S. had been dumping alloy-steel pipes onto the Chinese market, which had caused "substantial damage" to Chinese industry.

In May, the ministry launched anti-dum ...

Read More

Sutor Technology Group Limited Won Bi...

by tubelinks on 12/14/2013 - 07:16 pm
Tags: Press Release, Projects

Sutor Technology Group Limited, a leading China-based manufacturer and distributor of high-end fine finished steel products used by a variety of downstream applications, today announced its subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd. ("Ningbo Zhehua") won three contracts to supply approximately 4,000 metric tons of spiral seam steel pipes to three water transportation pipeline projects in Zhejiang Province. The contracts are valued at approximately $3 million. Deliveries of Company products are expected to begin in January 2014.

Lifang Chen, Chairwoman and CEO of Sutor commented, "As a result of Ningbo Zhehua's efforts to strengthen its capability of providing customiz ...

Read More

BlueScope Gets Green Light for Steel ...

by tubelinks on 12/08/2013 - 05:19 pm
Tag: Press Release

Australian building materials manufacturer BlueScope Steel has been given the go-ahead to acquire a key pipe and steel manufacturing business.  The Australian Consumer and Competition (ACCC) announced it would not oppose BlueScope’s proposed acquisition of the Orrcon Steel business from Adelaide based Hills Holdings Ltd which formed part of a transaction announced in August which would see the local steel giant fork out $87.5 million for Hills Orrcon business as well as its Fielders construction products business.

A maker of pipe and tube products at facilities in Queensland and South Australia, Orrcon distributes its products through twelve sites around the nation and has ...

Read More

Hyundai HYSCO Aiming for 8.6 T. Won i...

by tubelinks on 12/08/2013 - 05:14 pm
Tag: Press Release

Hyundai HYSCO is reorganizing its business structure to get to 8.6 trillion won (US$8.1 billion) in sales by 2020. This is to continue its long-term growth by sharpening its own competitive edge without the business unit manufacturing cold rolled steel, which has been acquired recently by Hyundai Steel. 

Hyundai HYSCO made its new business plan public on December 4. According to the plan, the company is going to focus on the four core businesses of overseas steel processing, auto parts manufacturing including lightweight parts and fuel cells, steel pipe production, and natural resources development. It is planning to step up investment in these fields to shore up its competitiveness.&n ...

Read More