Marubeni-Itochu Steel

Al Gharbia Pipe Company, a joint venture between Senaat, JFE Steel Corporation and Marubeni-Itochu Steel, began commercial production of large-diameter sour grade steel pipes at its plant in Khalifa Industrial Zone Abu Dhabi. The plant has an annual capacity of 240,000 tons.

Abu Dhabi National Oil Company (ADNOC) awarded three contracts worth AED 13.2 billion ($3.6 billion) to Consolidated Suppliers Establishment (Tenaris), Abu Dhabi Oilfield Services Company (Vallourec), and Habshan Trading Company (Marubeni-Itochu Steel) for the supply of 1 million metric tons of casing and tubing over 5 years. The contracts include $100 million foreign direct investment to set up a threading plant and training academy in Abu Dhabi.

Marubeni-Itochu Steel America Inc. (MISA), a subsidiary of Marubeni-Itochu Steel Inc. (MISI), completed the acquisition of Worthington Specialty Processing's remaining facility in Jackson, Michigan. The facility will be renamed MISA Specialty Processing, Inc.

Tubos Reunidos and Marubeni-Itochu Tubulars Europe Plc (MITE) signed an agreement to establish a joint venture in Álava, Spain, to manufacture and supply OCTG premium products for oil and gas drilling. Total investment is around €30 million, with 80 jobs initially. The joint venture is 51% owned by Tubos Reunidos and 49% by MITE, and will start production in Q1 2016.