15
Apr
14:56
Tenaris ceases Russia business, writes off Severstal JV
Global tube supplier Tenaris, part of the Techint Group, has suspended all sales to Russia, as well as purchases from the country.
It has also decided to write off its investment in its Russia-based joint venture with vertically-integrated steelmaker Severstal.
In 2021, Severstal suspended the delivery of the joint venture project to manufacture welded and OCTG pipe in Russia (see Kallanish passim). However, the steelmaker added that working with Tenaris remains …
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