Lagging economy points to flat tube market outlook
Sep 30, 2012 | 07:00 PM
| Myra Pinkham
While industry observers views on the future are clouded, the consensus is that the mechanical tubing market will be largely unchanged for the rest of this year and into next year, with a slight uptick possible depending on what direction the domestic and global economies take.
Right now, mechanical tubing demand is OK. It isnt great, but it isnt atrocious either. But it has been weakening a little in the past few months, said William A. Wolfe, executive director of the Steel Tube Institute of North America. The fact that mechanical tubing is used for some of the stronger end-use applicationsincluding the automotive, heavy equipment, and oil and natural gas sectorshas helped buoy demand somewhat.....
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