16
Oct
17:15
Tenaris Algoma prepares to idle production, impose temporary layoffs
Canadian seamless energy tube maker Tenaris Algoma Tubes is temporarily idling production and laying off 230 employees at its Sault Ste. Marie mill beginning 30 October, Kallanish notes.
“Production levels for Tenaris Algoma Tubes are determined by the demand of the North American oil and gas industry,” says a company statement. “The persistent low price of oil and consequential reduction in drilling activity, along with unfairly traded imports…
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Anonymous
Very good overview of the weekly steel market.
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