Tenaris close to choosing pipe mill site

Oct 22, 2012 | 01:27 PM | Michael Cowden

Tags  Tenaris, seamless, OCTG, energy tubulars, new capacity, seamless, welded, premium shale

CHICAGO — Tenaris SA is close to choosing a location for its new seamless pipe mill in the United States, company executives said at a recent investor day conference.

"We have alternatives, but in the end, we are very close to a final decision," Tenaris chairman and chief executive officer Paolo Rocca said during a presentation last week in New York.

The development regarding the new mill comes as executives predicted natural gas prices in the United States to not only increase in coming years, but also provide fuel for an industrial renaissance in the country.....

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