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Marcegaglia SpA plans to open a new stainless and carbon tube plant in China next Tuesday.
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Italy’s Marcegaglia SpA plans to establish a “platform of excellence” for high-end welded tube in China and across Asia with its new tubing plant in Yangzhou, the company’s chief executive officer said.
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A recent spike in oil prices should boost the fortunes of premium oil country tubular goods (OCTG) producers like French energy tubular maker Vallourec SA, Credit Suisse Group AG said.
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Steel pipe and tube producer TMK Ipsco has produced P110 casing with Ultra SF connections for use by Russian energy giant JSC Gazprom Neft.