W. Coast buyers wrestling with $200/ton tubing cut
Dec 16, 2008 | 11:19 AM
| Frank Haflich
The West Coast market for structural steel tubing continued to reel this week from a price cut of more than $200 per ton by one of North America's largest producers.
Buyers said they were notified last week by Atlas Tube Inc. that the Harrow, Ontario-based company had slashed prices by what they estimated was a range of $200-plus per ton to $260 per ton.
"I don't know anyone who saw this coming," a market veteran said, describing Atlas' move as the single-largest price cut that he could recall by a domestic mill in square and rectangular tubing. Atlas executives didn't return phone calls seeking comment.....
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