Lakeside Steel increases production, recalls employees
WELLAND, Ont.: Lakeside Steel Inc. has increased production on its Stretch Reduction Mill by adding additional production shifts to meet stronger demand for oil country tubular goods (OCTG) products.
The Welland, Ont. manufacturer of tubular steel products has also recalled all of its temporarily laid off employees and returned to full employment for the first time since November 2008.
Based on current orders, the company expects its Stretch Reduction Mill and ERW 2- to -8-inch Mill to operate at or near capacity through April.
Lakeside Steel’s president and COO Ron Bedard said its upsetting and threading capabilities and a new rail yard have positioned the company to take full advantage of the increased demand it’s seeing in 2010. “By adding additional shifts to our mills we will be able to shorten lead times, improve customer service and continue to realize operational efficiencies. Our focus is to continue this positive momentum through 2010.”
Lakeside Steel said the increased demand has been driven both by the enhanced end finishing capabilities of Lakeside Steel’s new upsetting and threading operations, which became operational in December, and an increase in prices for oil and natural gas.
But it said favourable rulings in OCTG-related trade cases in Canada and the US involving Chinese manufactured products have also had a positive impact on Canadian OCTG manufacturers.