Turkey’s largest steel pipe producer Borusan Mannesmann will start construction of its new steel pipe facility in Romania in March, which is scheduled to start serial production at the end of 2023, it said Jan. 31.
“We will process pipes at the facility to meet our automotive customers’ special pipe requirements, like cylinder tubes used in dashpots as well as cutting and processing works of the monotubes,” the company said.
The facility worth Eur15 million ($16.3 million) will have a 4,800 sq m production and stock yard and has a sales target of more than 10,000 mt as of 2026, it said.
The company had already received a Eur5.8 million government incentive for the project.
Borusan Tube Products was established in Romania in July 2021.
The company also has a 28,000 mt/year plant in Vobarno, Italy, that produces cold-drawn special pipes.
Its electric-resistance welded pipe mill in Baytown, Texas, has a capacity of 300,000 mt/year and the company plans to raise this to 400,000 mt/year with new finishing lines.
Borusan Mannesmann’s Turkish mill capacity is 750,000 mt/year of ERW pipes and 300,000 mt/year of HSAW pipes.
Platts, part of S&P Global Commodity Insights, assessed Turkish HRC at $750/mt EXW Jan. 27, down from an intra-year high of over $1,200/mt reached mid-March 2022.
— Cenk Can