Houston, TX – Tenaris has announced it will be reducing its workforce at its facilities in Pennsylvania and Ohio due to an influx of imports of OCTG into the United States.
Approximately 170 employees at the company’s facilities in these two states will be impacted by the layoffs. The steel shop in Koppel, Pennsylvania, is not affected.
Imports of OCTG account for nearly half the U.S. market demand. These imports are mainly manufactured in China and shipped through countries such as Korea, Thailand, and Taiwan, and are being brought into the States and sold at less than fair market value. Most of these countries do not have any drilling activity and produce OCTG with the purpose of exporting, mainly to the U.S.
In contrast, Tenaris, the largest OCTG producer in the U.S., supplies almost all of its sales in the continental U.S. with pipe manufactured from its facilities in the States. It has a strategic presence in the U.S. with 12 manufacturing facilities across the country underscored by more than $10B in investments to serve the domestic oil and gas market.
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 that enhances national security with regards to energy development and creates and preserves jobs.
The company will monitor market conditions and work to mitigate impacts to its operations. Tenaris remains committed to U.S. manufacturing and will continue to advance ongoing investments at its steel shop in Koppel, Pennsylvania.
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Tenaris is a leading global manufacturer and supplier of steel pipe products and related services for the world’s energy industry and other industrial applications. Our customers include most of the world’s leading oil and gas companies and our revenues amounted to US $14.9 billion in 2023. Employing around 29,000 people worldwide, we operate an integrated network of steel pipe manufacturing, research, finishing and service facilities with industrial operations in the Americas, Europe, the Middle East, Asia and Africa and a direct presence in most major oil and gas markets.
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