Tenaris completes acquisition of Beaver Falls area metal scrap yard
Officials said its operations will remain unchanged under the company's Steel Recycling Services subsidiary.
SEATTLE (Scrap Monster): Tenaris has officially acquired a Beaver Falls area scrap processing yard near its Koppel manufacturing facility.
Officials said its operations will remain unchanged under the company's Steel Recycling Services subsidiary. The approximately 39-acre yard will enhance coordination between scrap processing and steel production, providing direct access to high-quality raw materials for its Koppel steel shop, which produces liquid steel using an electric arcfurnace.
“Completing this acquisition marks an important step in strengthening our U.S. domestic manufacturing capabilities,” said Guillermo Moreno, president of Tenaris. “By securing direct access to high-quality scrap, Tenaris boosts efficiency, optimizes steel quality from start to finish, and delivers on its commitment to producing high-performance steel solutions for our energy customers.”
Tenaris is a leading global manufacturer and supplier of steel pipe products and related services for the world’s energy industry and other industrial applications.
Courtesy: www.timesonline.com
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