Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Feb. 15 (Bloomberg) -- Tenaris SA, a producer of steel pipes for the oil and natural gas industry, will build its first U.S. seamless-pipe mill in Texas at an estimated cost of $1.5 billion.

The plant in Bay City will have a production capacity of 600,000 tons a year of seamless pipe, the Luxembourg-based company said today in a statement.

The plant is expected to begin operations in 2016 and generate 600 manufacturing jobs, the company said.

U.S. Steel Corp., the largest U.S. producer of the metal by volume, shipped 1.9 million tons of pipes and tubes from its tubular segment at an average price of $1,687 a ton in 2012, it said on Jan. 29. Hot-rolled steel coil, a benchmark product used in appliances and vehicles, averaged $658.66.

To contact the reporter on this story: Simon Casey in New York at

To contact the editor responsible for this story: Simon Casey at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.