Benteler's Louisiana OCTG site to cost $975M

Sep 17, 2013 | 12:25 PM | Thorsten Schier

Tags  Benteler Steel/Tube, oil country tubular goods, OCTG, Louisiana project, Matthias Jaeger, Bobby Jindal, Red River Waterway Commission, Port of Caddo-Bossier Caddo Parish Commission

LONDON — Benteler Steel/Tube GmbH’s oil country tubular goods (OCTG) facility in Louisiana will be capable of producing about 320,000 tons annually and cost about $975 million when both phases of the project are completed.

That is up from a prior estimate of about $900 million. "The figure of $900 million we communicated at the announcement ceremony was rather a ballpark estimation. With the project progressing, we are by now able to give a more precise figure," a Benteler Steel/Tube spokeswoman told AMM via e-mail.

The facility will create about 1,000 construction jobs, 675 permanent jobs and is expected to lead to a cumulative economic impact on northwest Louisiana of $16.2 billion over the next two decades.....

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