Pipe, tube market still subdued, margins thin
Apr 17, 2013 | 05:30 PM
| Thorsten Schier
NEW YORK Sentiment remains subdued in the pipe and tube market, with tepid demand and more-than-adequate stock levels leading to pressure on margins.
"(Market conditions) are weak. Business is weak and margins are being pressed because people have inventory. We all thought that we would have good business and we dont," a distributor in the South said.
"The markets been kind of slow. Its been flat and nondescript, and people look for clear direction. With clear direction, people can make decisions," a mill source agreed.....
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