29
Feb
11:00
Pipemaker Schoeller maintains investment plans
Schoeller Werk, a German maker of stainless welded pipe, will hang on to its investment plans, despite the departure of a managing director at the end of last year.
The company, located in Hellenthal in the Eifel region of North Rhine Westphalia, intends to spend around €40 million ($43m) this year, mainly on production/processing equipment. This includes an XL laser welder for large pipes of 65-127mm diameter, Kallanish learns. For a value in the upper one-d…
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Very good overview of the weekly steel market.
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