IMPORTS AND EXPORTS HEADLINESImports and Exports
Import Pipe Negatively Affects Energex Tube's Canadian Facility
Jul. 3, 2012
Energex Tube, a division of JMC Steel Group, announced that due to the increased flow of import pipe products into Canada, it will be forced to reduce staffing levels at its Dain Avenue plant. This plant currently produces tubular products up to 8" in diameter that are used in the oil and gas industry.
"We operate in a challenging market. For a number of years, Energex Tube (formerly Lakeside Steel) has been materially impacted by low-priced imports from offshore. Many of these imports offended international trade rules and are unfairly priced, taking sales from North American producers, forcing down domestic prices, and adding pressure on our operations in Welland. Where appropriate, we will seek recourse to Canadian trade laws to protect our market from any unfairly priced offshore product. Our objective is to maintain Energex Tube as a leading producer of pipe," said David Seeger, President, JMC Steel Group.
Energex Tube is one of North America's most diversified manufacturers of steel oil country tubular goods (OCTG) and line pipe used for the drilling and transportation of oil and natural gas.
JMC Steel Group includes the operating divisions of Atlas Tube, Picoma, Energex Tube and Wheatland Tube. It is the largest independent manufacturer of hollow structural sections (HSS) and steel pipe in North America, and the top producer of electrical conduit and elbows, couplings and nipples in the United States.