JFE Steel and Marubeni-Itochu Steel Accepts 325,000 Tons Orders of UOE Pipe

JFE Steel announced on 19th the firm accepted 325,000 tons orders of UOE Pipe DNV 450 Grade for line pipe with Marubeni-Itochu Steel, for Statoil which is a major oil company in Norway. These are used for Polarled Pipeline Project, Statoil develops in Norwegian Sea. Contract amount is 360 million US dollers. Award volume is record-high for JFE and Marubeni-Itochu Steel.