The steel-making pipe facility in North Portland will shutter due to dismal oil and gas markets.
The Chicago-based company, once headquartered in Oregon, is a subsidiary of London's Evraz. The company filed a Worker Adjustment and Notification Act (WARN) notice Tuesday indicating layoffs will begin as early as Feb. 15.
Evraz cited market conditions as the reason for closing its spiral division. The mill converts steel coils — produced at its rolling facility next door — into large pipes used for the oil and gas industry. Low oil prices have contributed to a weakened demand for oil and gas pipe, upending sectors that supply the fossil fuel industry.
(READ MORE: Portland Business Journal)
Evraz will close the pipe division in April, according to Oregon Live. The company operates a steel plate plant on the same site in North Portland and that will stay open.
Evraz idled the pipe facility in 2009, then reopened in 2012.