CHICAGO, July 3, 2012 (GLOBE NEWSWIRE) -- 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 & 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." says David Seeger, President, JMC Steel Group.
Jelani Rucker
312.275.1626
jelani.rucker@jmcsteel.com
About Energex Tube
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. For more information, contact Energex Tube at: 713.212.3680 or info@energextube.com. Or, visit our website at energextube.com.
About JMC Steel Group
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. JMC Steel Group delivers a broad range of pipe and tube solutions that build its customers' success. For more information, contact JMC Steel Group at 312.275.1600 or info@jmcsteel.com, or visit www.jmcsteelgroup.com.
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