Pipe, tube mart subdued, margins pinched: sources

摘要

Sentiment remains subdued in the pipe and tube market, with tepid demand and more-than-adequate stock levels leading to pressure on margins. "(Market conditions) are weak. Business is weak and margins are being pressed because people have inventory. We all thought that we would have good busincss and we don't," a distributor in the South said. "The market's been kind of slow. It's been flat and nondescript, and people look for clear direction. With dear direction, people can make decisions," a mill source agreed.