December 2012

2013 OUTLOOK: Auto, energy sectors will help Mexican steel industry

The outlook for the Mexican steel industry over the next few years is positive, but the industry will need to implement a new industrial policy in order to achieve its goals.

ChelPipe gets $13.6bn in state guarantees

Russian pipemaker ChelPipe has been given state guarantees for 42 billion rubles ($13.6 billion), which has allowed it to extend its debt maturity by seven years.

TMK starts oil and gas servicing unit in Qatar with Emdad

TMK, the Russian pipe producer, has set up a service and support joint venture with EMDAD, a service provider for the energy sector based in Abu Dhabi.

Russia steel pipe output down 5% in January-November

Steel pipe output in Russia was down 5.2% year-on-year between January and November at 8.8 million tonnes, according to data from the Federal Statistics Service (Rosstat).

Turkey's largest steel pipe producer prepares US investment

Borusan Mannesmann, Turkey's biggest steel pipe producer, will spend $150 million building a new plant in the US.

Gazprom will slash investment by 28% to $23 billion in 2013

Russia’s state-run gas monopoly Gazprom will cut investment by 28% in 2013 to 705.4 billion roubles ($23 billion), the company said late last week.

V&M to build OCTG facility at LLX’s Açu Port in Brazil

Brazilian seamless steel pipe producer V&M do Brasil has signed a contract with LLX Logística for the construction of a logistics base.

Japan asks WTO to probe China's anti-dumping measures on stainless tubes

Japan has filed a complaint with the World Trade Organisation about China's anti-dumping duties against some types of stainless steel seamless tube.

Houston steel import volumes set to hit four-year record on rising tube, pipe demand

The Port of Houston Authority expects to set a four-year record for steel volumes in 2012 due to rising tube and pipe imports for the region’s growing oil and gas sector.

Decree to save Ilva’s Taranto plant approved by lower house; moves to Senate

A decree to save the long-suffering Taranto plant from total closure was passed by Italy's first level of parliamentary representatives on Wednesday December 19.