Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Tenaris issues layoff notices at Arkansas steel pipe mill

Electricity | Electric Power | Natural Gas | Oil | Crude Oil | Refined Products | Metals | Steel | Shipping

Market Movers Americas, Oct 12-16: Power markets, oil complex on the rebound from Hurricane Delta


Platts Dirty Tankerwire

Shipping | Oil | LNG | Coal | Petrochemicals | Agriculture | Metals

Seoul Commodity Market Insights Virtual Forum

Metals | Non-Ferrous

Lundin to halt Candelaria copper mine as second union votes to strike

Tenaris issues layoff notices at Arkansas steel pipe mill

Tenaris has issued layoff notices to employees at its Blytheville, Arkansas, pipe mill amid weakening demand for energy tubular steel products in the US, a spokeswoman for the company said in a statement sent to S&P Global Platts Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Drilling activity in the oil and [natural] gas market has been steadily declining. This has had a direct impact on tubulars, which has been further compounded by a significant level of unfairly traded OCTG imports, despite the low demand," Tenaris spokeswoman Carolina Mendoza said in a statement, referring to oil country tubular goods.

"As a result of the slowdown, we have made the difficult decision to lay off just over 90 employees at our welded pipe facility in Hickman, Arkansas," Mendoza added.

Tenaris Hickman has an annual capacity of roughly 900,000 st, according to the company.

The US rig count stood at 870 as of November 20, down 325 compared with the same week a year ago, according to the latest Enverus Drillinginfo RigData count. The drop in drilling activity has weighed on prices for OCTG in the US.

The monthly Platts US domestic OCTG assessment dropped to a midpoint of $775/st November 1 from $875/st in the previous month, while the Platts import OCTG assessment also dropped to $725/st from $825/st. Prices are for J55 carbon ERW pipe.

--Justine Coyne,

--Edited by Bill Montgomery,