Tubular Business Update

Members,

This morning your executive met with the company regarding production levels. While manpower levels are expected to remain the same through roughly Q2 of 2023 in the 2 inch, the 24 inch forecast is not as good. The company expects to crew down in the 24 inch in the middle of November to 1 welding crew and 2 finishing crews. It’s expected the there will be layoff notices for 40 to 50 members. That crewing level is what they are forecasting till Feb 2023.

There remains no work scheduled for Spiral.