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Voestalpine in Talks to Sell Petrobras Steel for Offshore Pipes

April 12 (Bloomberg) -- Voestalpine AG, Austria’s biggest steelmaker, is in talks to supply Petroleo Brasileiro SA with tube plate for deepwater pipes in the Atlantic basin off Brazil.

“Technically this isn’t possible today,” Voestalpine Chief Executive Officer Wolfgang Eder told reporters in Vienna today. “One still needs a lot of preparation. We are in negotiations and in two years our development will be advanced enough to go down to 4,000 meters (13,000 feet).” The talks are exclusive, he said, declining to provide further details.

Voestalpine, based in Linz, said in its corporate blog on April 2 that its heavy-plate unit won the biggest order in its history for the Rota Cabiunas project off Brazil. “132,000 tons of sour-gas resistant plate will be supplied,” it said.

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net

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