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Synopsis:Spain's Windar Renovables exits the joint venture (JV) with Severstal, shaking up wind turbine tower production. Windar Renovables relinquishes its 51%
By Reuters Staff 2 Min Read MOSCOW (Reuters) - Russian steel producer Severstal said on Monday it aims to double sales of large-diameter pipes (LDP) in 2021, after a decline this year, as it expects a rebound in demand from energy firms. Demand for such pipes has been under pressure this year as the oil and gas industry globally reduced investments in new projects amid the coronavirus pandemic and due to completion of previous infrastructure projects, Severstal said. The company, controlled by Russian billionaire Alexei Mordashov, plans to sell 400,000 tonnes of LDP in 2021 compared to 200,00...