I’m assuming that ‘Tubular Operations’ refers to pipe making. Am I missing something?
Just one of the first ripples of low oil prices.
But hey, at least it won't cost them so much to drive to work, right? (/sarc)
You are correct. Guess which industry is now buying less pipe for new oil wells?
U. S. Steels Lorain Tubular Operations near Cleveland, Ohio, manufactures high-quality seamless pipe for the construction, oil and gas exploration and production industries. The facility has an annual production capability of 780,000 net tons. Major product lines include: oil country tubing; casing and drill pipe; standard and line pipe; and coupling stock.