Edgen Group sees ‘trough’ in steel pricing
Aug 15, 2013 | 05:24 PM
| Thorsten Schier
NEW YORK Edgen Group Inc. expects steel prices have bottomed out after its earnings were crimped recently by low sales tags for its steel products.
"We really have had a very difficult market for steel prices in the last 18 months and quite frankly we were surprised this year at the continued decrease that weve seen," executive vice president and chief financial officer David Laxton told attendees Aug. 15 at Jefferies & Co. Inc.s Global....
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