US Steel to lay off 677 workers at Texas tubing plant

Thursday, 21 January 2016 21:24:46 (GMT+3)   |   San Diego
       

US Steel announced this week that 677 workers could be laid off at its Lone Star Tubular Operations in Texas, citing weak demand from the energy industry.

The company has not set a date for layoffs to begin, but they will reportedly be temporary.

The plant was idled last year before returning to normal operating levels, but a spokesperson told local media that the long-term downtrend in oil prices and resulting drop in energy pipe demand has necessitated layoffs again.

Similar articles

Chinese steel pipe export offer prices stable amid fluctuating futures prices

24 Apr | Tube and Pipe

US structural pipe and tube exports up 9.9 percent in February

22 Apr | Steel News

US domestic HSS prices steady on lackluster demand

19 Apr | Tube and Pipe

US structural pipe and tube imports down 6.5 percent in February

19 Apr | Steel News

US mechanical tubing imports down 15.9 percent in February

18 Apr | Steel News

Chinese steel pipe export offer prices rise further amid futures rebound

17 Apr | Tube and Pipe

Chinese steel pipe export offer prices indicate a rising trend

10 Apr | Tube and Pipe

US mechanical tubing exports up 3.1 percent in January

03 Apr | Steel News

Chinese steel pipe export offer prices move sideways

03 Apr | Tube and Pipe

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe