Northwest Pipe’s tube unit feels import pressure
May 07, 2013 | 12:53 PM
| Anne Riley
NEW YORK High levels of imports continue to weigh down Northwest Pipe Co.s tubular segments financial performance, and that pressure is likely to persist in the months ahead, the Vancouver, Wash.-based pipe and tube maker said in reporting its first-quarter results.
"As expected, tubular products net sales and margins were significantly lower compared to the first quarter of 2012 as we experience continued high levels of imports and a falling rig count. In the second quarter of 2013 ... we expect to see gross profit levels (in the tubular products division) that....
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