18
Dec
16:29
Tenaris gets US approval for TMK IPSCO buy
The US Department of Justice has given Luxembourg-based tube producer Tenaris the go-ahead to buy the US tubular assets of Russian steelmaker TMK, Kallanish reports.
IPSCO Tubulars will now be operated as a subsidiary of Tenaris. The deal was originally inked in late March for a total consideration of $1.209 billion.
IPSCO holds 450,000 tonnes/year of bar capacity, 400,000 tonnes of seamless pipe capacity, and 1 million tonnes of welded pipe capacity in the US.…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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