MRC Global sees ERW line pipe prices bottoming out
Feb 21, 2014 | 07:55 PM
| Thorsten Schier
NEW YORK MRC Global Inc. saw pricing pressures in the electric-resistance welded (ERW) line pipe market continue during the fourth quarter, though pricing is now expected to have bottomed out.
"ERW (line pipe) prices were under pressure all year long last year and we really think its slowed and close to bottoming in the fourth quarter, but the level of the cost here and the spot market price was much lower in the fourth quarter than the first quarter," chairman, president and chief executive officer Andrew R. Lane said during a conference call with reporters and analysts.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.