08
Jul
17:41
Tenaris acquires Benteler, OCTG buyers fret
Benteler North America Corporation and Tenaris SA have entered into a contract for the acquisition of Benteler’s Shreveport, Louisiana, OCTG manufacturing facility, at a price of $460 million.
The closing is expected in the fourth quarter. The deal includes $52m in working capital and is debt and cash-free, Kallanish reports.
The Benteler Steel & Tube facility in Shreveport was revamped in 2020 and has the capacity to roll roughly 400,000 tonnes per ye…
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Anonymous
Very good overview of the weekly steel market.
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