Webco hit by lower spot tags, start-up costs

Oct 05, 2012 | 03:08 PM |

Tags  Webco Industries, Dana Weber, earnings, Sand Springs, steel tube, steel pipe

CHICAGO — Lower spot prices tarnished Webco Industries Inc.’s fiscal-year results, and costs related to its new $55-million facility in Sand Springs, Okla., also hurt the steel tube manufacturer and distributor’s bottom line.

But Webco said the new plant, which began production during the company’s fiscal fourth quarter ended July 31, should broaden the company’s technical capabilities and boost quality as well as capacity for carbon steel tubing.....

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