OCTG

Tenaris blames OCTG imports for new layoffs
Written by Laura Miller
May 21, 2024
Tenaris is blaming unfairly traded OCTG imports flooding the US market for its decision to lay off approximately 170 employees.
The company said the layoffs will impact employees at its operations in Pennsylvania and Ohio, but its steel shop in Koppel, Pa., will not be affected.
Imports account for nearly half of OCTG consumption in the US. Much of the product is made in China but is then being transshipped through countries like South Korea, Thailand, and Taiwan, and sold at less than fair value in the US, according to the company.
Tenaris said it is the largest producer of OCTG in the US, manufacturing “almost all” of its seamless and welded pipe at its 12 manufacturing facilities in the country.
Additionally, “Tenaris is asking the federal government for its support to level the playing field through the enforcement of fair trade remedies and additional tools of defense for a healthy, domestic OCTG supply chain,” it said in a statement sent to SMU.
Global pipe maker Tenaris is based in Luxembourg. Its US headquarters are in Houston.

Laura Miller
Read more from Laura MillerLatest in OCTG

Oil and gas drilling pulls back considerably in Canada, steady in US
US rig counts remain slightly above multi-year lows, while Canadian activity is tapering off following a seasonal peak.

Ten OCTG importers found guilty of duty evasion
Ten US importers are on the hook to pay two years’ worth of anti-dumping and countervailing duties that US Customs says they had tried to illegally evade.

Drill rig activity increases slightly in US and Canada
US rig counts remain just above multi-year lows, while Canadian activity is within earshot of a seven-year high.

US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.

Union workers at Welded Tube of Canada locked out since Christmas
Locking out its union employees two days before Christmas, Welded Tube's behavior has been very "Grinch-like," according to the USW.