Tenaris SALuxembourg, has announced that, together with Venezuelan steel producer Sidor, it has agreed to purchase assets of Posven, a Venezuelan company with an industrial facility for the production pf pre-reduced hot briquetted iron (HBI) located in Ciudad Guayana. The HBI plant, which has been shut down since shortly after it opened in 2001, will allow Tenaris to secure a low-cost source of high quality ferrous raw material.Tenaris SA is a leading global manufacturer of seamless steel pipe products, and provider of pipe handling, stocking, and distribution services, and a leading regional supplier of welded steel pipes for gas pipelines in South America.Corrpro Cos. Inc.Medina, Ohio, ...

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