Coil’s rise crimps line pipe margins: NW Pipe
May 08, 2014 | 02:25 PM
| Thorsten Schier
NEW YORK Line pipe margins are being squeezed by a run-up in coil prices that hasnt 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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