Steel Products Prices North America
Layoffs Planned at Pipe Manufacturer Stupp Corp.
Written by David Schollaert
September 30, 2021
Stupp Corp. said it plans to lay off 45 workers at its Baton Rouge, La., pipe manufacturing plant in November.
The layoffs will begin on Nov. 6, according to the Worker Adjustment and Retraining Notification (WARN) notice filed with the Louisiana Workforce Commission earlier in the month.
The Baton Rouge-based pipe manufacturer said in the filing that workforce cuts were due to excess capacity at its plant resulting from a decline in the oil market. The company “carefully analyzed the situation and its available options” and described the layoffs as a substantial reduction of operations, according to the letter and as reported by local newspaper The Advocate.
The bulk of the cuts will impact members of the local United Steelworkers union, but some are salaried workers, according to The Advocate. Layoffs are expected to continue for six months.
This is the second round of layoffs in 12 months for Stupp. Last October, the company laid off 300 workers at the pipe manufacturing plant alongside 75 workers at its pipe coating operation in Baton Rouge.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Products Prices North America
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.