Trader Steelcom enters US pipe and tube arena
Jun 11, 2013 | 04:48 PM
| Catherine Ngai
NEW YORK International trading house Steelcom S.A.M. is growing its steel trading business in the United States to take advantage of expanding pipe and tube demand amid the shale gas boom, the companys top executive told AMM.
"The plan in the U.S. is to focus in the niche area of the oil and pipe industry, which is coming along quite nicely. We concluded that it could be a nice business to be there," Victor Carballo, chief executive officer of both Monaco-based Steelcom and parent company Metalcorp Group, told AMM in an interview this week.
To capture a piece of that growing market, the company on June 3 formed a new subsidiary called Steelcom Pipe International LLC, which is headquartered in Houston and will concentrate on the burgeoning energy pipe industry, Carballo said.....
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