U.S. Steel to Idle Plants, Lay Off Workers
U.S. Steel, which has posted annual losses in six of the past seven years, had bet heavily on so-called oil country tubular goods, or OCTG, an industry that was substantially built up to provide pipes and other equipment for the boom in shale gas and new oil drilling in the Gulf of Mexico before oil...
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Published in | Dow Jones DBR High Yield |
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Main Author | |
Format | Trade Publication Article |
Language | English |
Published |
New York
Dow Jones & Company Inc
21.03.2016
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Subjects | |
Online Access | Get full text |
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Summary: | U.S. Steel, which has posted annual losses in six of the past seven years, had bet heavily on so-called oil country tubular goods, or OCTG, an industry that was substantially built up to provide pipes and other equipment for the boom in shale gas and new oil drilling in the Gulf of Mexico before oil prices collapsed and companies curtailed drilling. |
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