Two new steel pipe plants are going goign to bring more pipe supply to the market.
Tenaris, a leading supplier in seamless and welded pipes, has a deal to build a 1 million square-foot steel pipe manufacturing plant in Texas serving the energy industry.
When the plant is completed, it’s expected to have the capability to produce 600,000 tons of pipes a year, and employ 600 people at an average salary of about $66,000. The cost of the plant could cost a whopping $1.5 billion according to a report from MySanAntonio.com.
Also in Texas, Steel Guru is reporting that Russian based pipe plant United Metallurgical Company recently held its ribbon-cutting ceremony for its new pipe manufacturing plant in Houston. The plant cost $100 million and it comes from the “rising oil country tubular goods especially driven by strong demand in North America’s shale plays.”
The pipe company has already begun making pipe runs and by July this year the plant should reach full capacity.
The report said the new plant will produce pipes with outside diameters of 2 3/8 and casings in an outside diameter of 4 ½-7, with thickness ranging from .118-.5.
The plant will also produce lengths from 20-to-65 feet. About 200,000 metric tons of pipes per year will be made from this plant.
For more information, visit http://www.steelguru.com/russian_news/OMK_officially_opens_new_steel_pipe_mill_in_Houston/304039.html.