Pipe, tube market still subdued, margins thin

Apr 17, 2013 | 05:30 PM | Thorsten Schier

Tags  MSCI, pipe and tube, March shipments, inventories, 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 don’t," a distributor in the South said.

"The market’s been kind of slow. It’s 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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