14
May
16:36
Tenaris makes further cuts in the US
Tenaris has announced additional lay-offs in the US, centred around its Bay City, Texas, seamless mill, Kallanish reports.
Due to “...the sharp decline in the price of oil and subsequent decrease in market activity plus the on-going health crisis,” the company will lay off 200 employees in Bay City, according to a company statement.
“We have an unexpected combination of events straining US and global markets - a drastic drop in deman…
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Anonymous
Very good overview of the weekly steel market.
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