CITIC Pacific eyes on China’s largest seamless pipe maker

China’ largest special steel producer CITIC Pacific Special Steel Group Co (CITIC Pacific) has bid for a 40% stake in Shanghai Electric Group Steel Tube Co (SEGST), which will enable CITIC Pacific to access the latter’s 3.5 million tonnes/year seamless pipe capacity in North China’s Tianjin should the deal go through, according to the CITIC Pacific’s release on the Shenzhen Stock Exchange on January 6.