NEW YORK Alita
USA is planning to spend $120 million to build a welded oil
country tubular goods (OCTG) mill in the United States capable
of producing 150,000 tonnes of finished product annually,
according to president and chief executive officer Ali
The mill will be able
to make L80, N80 and P110 grades, he said at the Steel Success
Strategies XXVIII conference in New York sponsored by
AMM and World Steel Dynamics Inc.. Englewood Cliffs,
The company, a subsidiary of Dubai-based trading company
Alita Trading DMCC, is in final negotiations with two states on
the location for the mill, Hosseini said. He declined to
comment further until negotiations are finished.
One importer told AMM on the sidelines of the
conference that the project made sense in light of where growth
in the energy tubular industry is expected.
Were optimistic about the U.S. market, he
said. All other areas are dead.
However, one trader said he was skeptical whether demand will
be able to keep up with growing supply.
Im shaking my head, he said of the new
capacity being planned by a growing number of companys in