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
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