Reportedly, Italian Ilva, the major pipes producer in Italy, has announced that its biggest customer has just cancelled an order for 25,000 metric tons of pipes which has produced by Ilva Taranto.
The main products are expected to be applied for the construction industry such as oil pipeline in Oklahoma but the customer didn’t receive the first order.
The products include 1.7 million tons of finished and semi-finished products retained by the court in 2012 according to the preliminary court judge reported.
The pipe order is worth US$25 million of 250,000 tons and the delivery has divided into three shipments, first and second installments by November 2012 and the third by January 2013.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62559&division=A4
