Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

La. OKs funding for Benteler OCTG project

Keywords: Tags  Bentler Steel/Tube GmbH, state of Louisiana, funding, steel mill, OCTG, oil country tubular goods, mega-project, Stephen Moret James Ecker

NEW YORK — The state of Louisiana has approved $20 million in mega-project funding for Benteler Steel/Tube GmbH’s planned $900-million oil country tubular goods (OCTG) mill at the Port of Caddo-Bossier.

"Of the total being requested, $16 million will be used for port infrastructure and the remaining $4 million will be used for site and facility development," James Ecker, budget analyst with the Louisiana office of Planning and Budget, said during a session in the Louisiana House of Representatives.

"They (Benteler) will be establishing both a steel mill and a steel tube mill on 330 acres of land at the Port of Caddo-Bossier, which will create 675 direct jobs with an average salary of $50,000 annually," Ecker said.

The first phase of the project will involve a hot-rolling tube mill as well as finishing lines (, Oct. 26), with an electric-arc furnace to follow in the second phase (, Nov. 7).Benteler also recently received $29 million in incentives from the port for the facility (, Aug. 2).

"It’s the biggest thing you can fit on the land that’s left at the port," Louisiana Economic Development Secretary Stephen Moret said during the session.

Benteler has to reach its employment target of 675 by 2022, according to Moret.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends