Tenaris to temporarily halt some US mills and lay off some employees

Friday, 20 March 2020 16:21:04 (GMT+3)   |   Istanbul
       

On March 19, Luxembourg-based tubemaker Tenaris S.A. has announced that it will temporarily halt some of its US mills.

Accordingly, the company’s electric arc furnace (EAF) billet mill located in Koppel, Pennsylvania with a 600,000 mt per year capacity and its seamless pipe mill in Ambridge, Pennsylvania with a 496,000 mt per year capacity will be shut down on March 31, while its threading plant in Brookfield, Ohio will be idled on April,17.

Tenaris will also lay off more than 900 employees in total including employee reductions at  its threading plant in Baytown, Texas and its welded pipe plant in Hickman, Arkansas as of April, 17, due to a sharp decline in oil prices and lower activities in the market.

Tenaris US president Luca Zanotti said that the company had to implement tough but short-term measures in order to provide a long-term solid position for its customers in these extraordinary days.


Most Recent Related Articles

US DOC rescinds review of AD order on standard pipe from 30 Indian companies

US tubing mills announce steep price increase for HSS

US rig count slips while Canadian count sees increase week-on-week

US structural pipe and tube exports down 10.6 percent in September

US structural pipe and tube imports up 2.4 percent in September