Northwest Pipe in red for quarter, year

Mar 17, 2014 | 03:28 PM | Thorsten Schier

Tags  Northwest Pipe, oil country tubular goods, OCTG, Scott Montross, Robin Gantt, earnings results, water transmission, tubular products Thorsten Schier

NEW YORK — Northwest Pipe Co. sees challenges continuing after logging further losses as water transmission backlogs remain thin, in addition to pressure on tubular products from imports and additional domestic capacity.

"We expect that the first quarter of ‘14 will remain challenging for both sides of the business," president and chief executive officer Scott Montross said in a call on its earnings results.

In tubular products, comprising its oil country tubular goods (OCTG) and line pipe business, he said the ongoing OCTG anti-dumping case—in which Northwest Pipe is a petitioner—vs. nine countries "has not yet had a significant impact on sales price or volumes. The preliminary decision ... was not favorable."....

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