Northwest Pipe’s tube unit feels import pressure

May 07, 2013 | 12:53 PM | Anne Riley

Tags  Northwest Pipe, earnings report, steel tube, Scott Montross, Anne Riley

NEW YORK — High levels of imports continue to weigh down Northwest Pipe Co.’s tubular segment’s 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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