Coil’s rise crimps line pipe margins: NW Pipe

May 08, 2014 | 02:25 PM | Thorsten Schier

Tags  Northwest Pipe, Scott Montross, earnings results, water transmission, tubular products, line pipe, Thorsten Schier

NEW YORK — Line pipe margins are being squeezed by a run-up in coil prices that hasn’t been met by a commensurate increase in sales tags, according to Northwest Pipe Co.’s top executive.

"There was not a line pipe run-up in the first quarter," president and chief executive officer Scott Montross said during an earnings conference call, although coil prices increased about $65 per ton to around $680 per ton ($34 per hundredweight), driven by what was "really ... a supply-side event."....

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