NEWSBREAK: Hebei Iron & Steel Bolsters SE Asia Footprint With Purchase Of Tata Steel Operations

- Feb 06, 2019-

Tata Steel subsidiary T S Global Holdings (TSGH) entered an agreement with a HBIS Group Co-controlled entity to divest its entire equity stake in NatSteel Holdings and 67.9% of Tata Steel (Thailand), according to a statement filed to the Bombay Stock Exchange on Monday January 28. 

HBIS will control 70% of the entity while 30% will be controlled by TSGH. The sale is expected to be completed in the next three to four months subject to regulatory approvals. 

Tata Steel chief executive and managing director Thachat Viswanath Narendran said the agreement offered the Southeast Asia business robust growth opportunities, given the access to resources, technical expertise and regional understanding of HBIS. 

The Asia steel markets had been rife with market chatter of Tata Steel attempting to offload its Southeast Asian operations in the past year, although company executives did not confirm details with Fastmarkets MB. 

“HBIS is keen to expand their operations in Asia, so they have bought over Tata Steel’s operations. It will also help in their sales and trading activities in the region,” an industry source in Singapore told Fastmarkets MB. 

Market sources are keen to see how the purchase will affect the Asian steel markets.

“No one knows how HBIS will conduct its business after the takeover, although things should get interesting,” a long steel seller in Singapore said. 

But the Asia steel markets may not face a big impact initially, market sources said. 

“Things will go on as usual for now, because this is just a change of ownership,” a rebar trader in Asia said.



Specifications List
Product name
API 5L spiral welded steel pipe SSAW pipe
Standard
API, ASTM, DIN, GB, JIS, API 5L, ASTM A213-2001, ASTM A333-2005, ASTM A335-2006, DIN 17175, GB 3087-1999, GB 5310-1995, GB
6479-2000, GB 9948-2006, GB/T 9711.2-1999, JIS G3458-2005
Grade
10#-45#, API J55-API P110, Cr-Mo alloy, Q195-Q345, 20#, API J55, API K55, API L80, API N80, API P110, 10CrMo910, 12Cr1MoV, 12CrMo,
13CrMo44, 15CrMo, Q235
Application
It is widely used in fluid pipe,drill pipe,gas pipe,hydraulic pipe,etc
Packing
Packing in bundle with steel strips; with seaworthy package at the end; could be done with your requirement.
Certificate
API 5L, ISO9001 2008, ISO14001, OHSAS18001
Payment
100%L/C at sight orT/T 30% down payment at first ,
70% against with all documents be sent to the bank

FAQ

Q1. How long can make delivery?
A: For stock products,will make shipments in 2-5 days after receiving deposit or receiving T/T;
for products need new production for common materials,usually make shipments in 7-10 days;
for products need new special and rare materials,usually need 15-20 days to make shipment.

Q2. Can you provide the samples?
A:Samples can be provided with samples' charge and courier fee by the buyer's side.

Q3. What's your payment terms?
A: Down payments 30%TT and balance 70% TT or L/C.

Q4. How do you ship the goods and how long does it take to arrive?
A: We usually ship by DHL, UPS, FedEx or TNT. It usually takes 3-5 days to arrive.
Airline and sea shipping also optional.
For mass products, ship freight is prefered.

Q5. Can you accept customize?
A: Yes. It can be customized as per the customers' request.

Q6. How to ensure the quality?
A:Mill Test Certificate is supplied with shipment.
If needed, a Third Party Inspection is acceptable or SGS.



Cangzhou Steel Pipe Group (CSPG) Co., Ltd. is a large-sized, key metallurgic enterprise of Hebei Province in North China, whose history dates back to 1994. CSPG currently em/paces six member companies with products varying from SSAW, LSAW, ERW, seamless steel pipes to 3PE pipes, galvanized pipes, casing pipes, etc. A Joint-stock corporation, CSPG occupies an area of 600,000 square meters with a total asset of $530 million.



Specialized in the production of straight welded pipe spiral pipe galvanized pipe 3PE/3PP/FBE/TPEP internal and external epoxy powder internal and external epoxy resin cement mortar two cloth three oil buried pipeline IPN8710 non-toxic drinking water internal and external plastic coated lining plastic and other anti-corrosion pipe fittings for oil and gas pipeline water conservancy projects



Executive standard :DIN30670 DIN30678 CSA Z245 AFNOR nf49-710/711 NACE rp0394/0490 AWWAC 210/C213GB/T9711 API 5L ISO 3183Material: Q235B/Q355BGR A GR B x42-x80 l245-l555

 

Business scope: 21.3mm-3620mmLSAW submerged arc welded pipe 325-2020mmERW straight welded pipe 6mm-711mmSMLS seamless tube 10-1120mmSSAW spiral steel tube 219-3620mmDemand for quality suppliers and partners