IMPORT PIPE NEGATIVELY AFFECTS ENERGEX TUBE’S CANADIAN FACILITY
CHICAGO (July 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 & 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