Weak coil prices not enough to compete with imports: NW Pipe

May 07, 2013 | 03:54 PM | Frank Haflich

Tags  Northwest Pipe Co., Scott Montross, Robin Gantt, pipe, energy, imports, Frank Haflich

LOS ANGELES — Domestic steel coil prices may have "reached bottom," but cheaper raw material costs in other parts of the world continue to leave U.S. tubular producers at a disadvantage when it comes to competing with imports, Northwest Pipe Co.’s top executive said.

President and chief executive officer Scott Montross said the Vancouver, Wash.-based producer of tubular products and water transmission pipe didn’t see the same kind of first-quarter "runup" in coil prices that has characterized the market in recent years, and this has resulted in "significant downward pressure" on steel prices.....

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