Salzgitter Group Profits From Rebounding Natural Gas Market in Europe

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Salzgitter Group Profits From Rebounding Natural Gas Market in Europe

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In keeping with the current upswing in the European natural gas market, the Salzgitter Group has announced the award of three contracts by Open Grid Europe for approximately 70,000 tons of spirally-welded large-diameter pipes.

The pipes will be used in the extension of the natural gas grid in southern and western Germany, enhancing the security of supply.

The orders were booked by the Group’s subsidiary Salzgitter Mannesmann Großrohr GmbH (MGR) and will be produced in Salzgitter. Together with other pipeline projects in France, Poland and Italy totaling more than 50,000 t, double-shift capacity utilization has been secured for the large-diameter pipe mill through to mid-2017. Salzgitter Flachstahl GmbH is to supply the input material.

The companies of the Salzgitter Mannesmann Röhrenwerke Group as a leading producer of high quality line pipes are set to benefit from this trend.

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