Line pipe profitability hurt amid tepid demand
Jul 29, 2013 | 04:40 PM
| Thorsten Schier
NEW YORK The U.S. large-diameter line pipe market remains tepid, with capacity utilization below 50 percent and producers recording losses, according to counsel representing the domestic industry in a sunset review of anti-dumping duties on imports from Japan.
"(The industry) has massive excess capacity; its capacity utilization rates are well below 50 percent," counsel from Washington law firm Schagrin Associates wrote in a pre-hearing brief to the International Trade Commission on behalf of American Cast Iron Pipe Co., Birmingham, Ala.; Berg Steel Pipe Corp., Panama City, Fla.; Dura-Bond Pipe LLC, Export, Pa.;....
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