Metal One buys Canadian tubular distributor

Jul 08, 2014 | 12:42 PM | Thorsten Schier

Tags  Metal One, Cantak, oil country tubular goods, OCTG, line pipe, Thorsten Schier

NEW YORK — Japan’s Metal One Corp. has purchased energy tubular distributor Cantak Corp. for an undisclosed amount to take advantage of growing steel demand from the Canadian energy sector.

"To keep up with the global demand in energy, we are seeing a significant increase in activities in western Canada to produce and transport energy from the region to consumers in Canada and export markets," the Tokyo-based steel trading and....

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