Wednesday, May 7, 2014

News: Tata Steel makes the grade in oil and gas sector


Tata Steel's Speciality Steels business has unveiled an enhanced version of one of its existing modified alloy steel grades for use in the growing oil and gas sector.

The new 4145H modified alloy steel grade combines high strength with toughness making it ideal for use in demanding downhole tool and completion equipment environments.

This improved bar product grade is manufactured at Speciality Steels' production facilities in South Yorkshire which have been at the forefront of producing steel for the demanding oil and gas market for more than 60 years.

In 2012, Tata Steel Europe outlined a new strategy to target demanding industries, like automotive, aerospace, mechanical engineering and construction. Stocksbridge and Rotherham are home to the production of specialist steel used in aerospace and a restructured bar business now focusing on supplying hi-tech products.

Sale volumes of differentiated products rose by 14% in the nine month period to December 31, compared to the previous year, which the Indian-owned steelmaker said highlighted the success of its strategy in a fiercely competitive market.

Following significant investment already in South Yorkshire, last year Tata confirmed that it would invest a further £15m in a cutting-edge VIM furnace at Stocksbridge that will allow Tata Steel's Speciality Steels business, which already supplies steel to aircraft engine and airframe makers, to further develop relationships with its customers and expand its product portfolio in aerospace and oil and gas industries.

This week, Speciality Steels will be showcasing its improved product and service capabilities to the oil and gas industry at the Offshore Technology Conference at Reliant Park in Houston, Texas. Attracting 80,000 attendees, and with more than 2,700 companies participate in the exhibition, the conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection.

Richard Lowe, general manager, Speciality Steels Americas at Tata Steel, said: "The introduction of the grade is part of a series of ongoing initiatives that our dedicated oil and gas team has delivered in the past few months in response to customer feedback. These developments have included the introduction of imperial (inch) size rollings on the Stocksbridge mill, the launch of oil and gas grades in sizes less than 3" and improved central soundness guarantees across our product range."

Tata Steel website

Images: Tata Steel


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