You are here: Home > Steel News > Latest Steel News > Poland’s...

Poland’s Alchemia to sell pipe subsidiary Rurexpol

Thursday, 07 November 2024 11:38:14 (GMT+3)   |   Istanbul
       

Polish steelmaker Alchemia S.A. has decided to sell its steel pipe subsidiary Rurexpol in Częstochowa, due to unfavorable market conditions, according to local media reports.

Taking into account the downturn in the European steel industry that led to a decrease in demand for the products that the subsidiary in question produces, along with its old technology and high costs, the company expects that it will be unable to compete in the pipe market in the future. Also, Alchemia considers that expenditure on modernization of Rurexpol is unjustified from the technological and economical perspective.

As SteelOrbis reported previously, in May this year the company had announced its decision to sell off its seamless pipe subsidiary Walcownia Rur Andrzej (WRA) due to the similar reasons.


Similar articles

India-based Welspun Corp’s US subsidiary to invest $100 million in Arkansas pipe plant

21 Nov | Steel News

Austria’s Benteler unveils new sustainable steel tube for construction industry

21 Nov | Steel News

Japanese crude steel output up 4.6 percent in October from September

21 Nov | Steel News

US issues final results of AD review on OCTG from Ukraine’s Interpipe

21 Nov | Steel News

US OCTG imports down 12.3 percent in September from August

20 Nov | Steel News

Turkey’s welded pipe exports up 9.3 percent in January-September

20 Nov | Steel News

Georgia’s steel pipe imports from Turkey up 82 percent in Jan-Oct

19 Nov | Steel News

US rig count decreases week-on-week and Canadian rig count also decreases

19 Nov | Steel News

Turkey’s Erciyas Çelik Boru reports higher net profit for Jan-Sept

18 Nov | Steel News

France’s Vallourec posts lower sales revenue and EBITDA for Jan-Sept

18 Nov | Steel News