Some suppliers struggle for survival: Woltz

Oct 18, 2012 | 02:13 PM | Michael Cowden

Tags  Insteel Industries, earnings, H.O. Woltz III, Michael Gazmarian, wire rod, construction, Michael Cowden

CHICAGO — Tough times in the construction industry and volatile steel and scrap prices have sparked a struggle for survival for some companies serving the still-troubled sector, Insteel Industries Inc.’s top executive said.

"There is a huge scramble in the industry not just for market share but for survival," chairman, president and chief executive officer H.O. Woltz III said during a conference call Thursday following the release of the company’s fiscal fourth-quarter results. "The difficult conditions have bred desperate tactics on the part of a lot of competitors, and it’s hard to say when that changes."....

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