Tata Steel Sells UK Pipe Mills To Sanjeev Gupta's Liberty House

- Feb 04, 2019-

Tata Steel Sells UK Pipe Mills To Sanjeev Gupta's Liberty House


Tata Steel said on Tuesday it had agreed to sell its pipe mills in the north of England to UK-based metals and industrial group Liberty House for an undisclosed sum.

The mills in Hartlepool employ 140 people and have a production capacity of over 250,000 tonnes a year.

Tata Steel, Britain's largest steelmaker, has been selling off parts of its UK business since last year, when it announced talks to merge its British and European steel assets with those of Germany's Thyssenkrupp.

"With this sale, Tata Steel UK will complete its portfolio restructuring to focus on the strip products supply chain linked to Port Talbot," said Bimlendra Jha, CEO of Tata Steel UK.

"The sale is also an important step towards developing a more sustainable future for the rest of our UK business."

In February, Tata signed a 100 million pound deal to sell its speciality steel business to Liberty House, saving 1,700 jobs, mostly in South Yorkshire, northern England.

Under Tuesday's deal, Tata retained ownership of a tube mill in Hartlepool that is supplied with steel coils from the European steel assets that it wants to retain and merge with Thyssenkrupp.

Tata, whose UK business is centred on the steelworks in Port Talbot, Wales, said it will invest 1 million pounds ($1.29 million) in the Hartlepool tube mill, which employs 270 people.


Product Description

1. Grade: API 5L GR.B/X42/X52/X60/X65/X70/S355...

2. Size: 12inch to 100inch

3. Standard: API 5L/ ASTM A53....

4. End Design: Beveled ends or plain ends with protection cap

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API 5l carbon steel SSAW 32 inch large diameter steel pipe
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Carbon Steel/ Steel Coil
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API 5L/ ASTM / GB
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API 5L GR.B/X42/X52/X60/X65/X70 , ASTM A53 GR.B, S355
Dimension
12inch to 100inch
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Beveled ends or plain ends with protection cap
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Oil&GAS INDUSTRY/ CONSTRUCTION/ FLIUID TRANSMISSION
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