Steel Mills
February 25, 2015
Tenaris Suspends Welded Tube Operations in Texas
Written by Sandy Williams
Tenaris announced it will temporarily suspend operations at its welded tubes mill in Conroe, Texas. The shutdown will result in the layoff of approximately 230 employees, effective April 2015.
“Record levels of unfairly traded imports of OCTG (oil country tubular goods) from South Korea and the sharp decline in the price of oil and consequential reduction in drilling activity have driven Tenaris to make this decision,” said the company in a press release.
