SOURCE: Industrial Info Resources

Industrial Info Resources

February 18, 2013 06:15 ET

Foreign Companies Continue to Invest in U.S. Southwest Region Steel Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 18, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In what seems like a steady flow of pipe and tubing mill project announcements going back five years, the U.S. steel market has been attracting investments from European, Asian and South American companies looking to take advantage of favorable market conditions in the U.S. for steel products, including oil country tubular goods (OCTG). Foreign-based steel manufacturers see the U.S. as a safe destination for investment. Tax incentives, an educated labor force, cheap natural gas, and proximity to end markets are making the Southwestern U.S., especially Texas, an attractive destination for foreign steel producers. Industrial Info is tracking more than $6 billion in steel pipe and tubing mill projects in the U.S. as part of the North American Industrial Database.

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