The OCTG market is dominated by a handful of major companies, including Nippon Steel & Sumitomo Metal Co., Vallourec, Tenaris, National Oilwell Varco, & others.
Tenaris, Saipem and SIAD have signed a Memorandum of Understanding (MoU) to start the design phase of a carbon dioxide capture and utilization (CCU) plant, to be built at the Tenaris plant in Dalmine, northern Italy.