NW Pipe expects challenging 4th quarter
Nov 05, 2013 | 04:45 PM
| Thorsten Schier
NEW YORK Northwest Pipe Co. expects a challenging fourth quarter amid a low water transmission backlog and thin oil country tubular goods (OCTG) margins.
"Rising coil costs, stagnant pipe prices and still depressed demand continue to put pressure on OCTG margins," president and chief executive officer Scott Montross said during a third-quarter earnings conference call, adding that this represented a "perfect storm" for the segment.....
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