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05 Nov
16:23

Pipe market to remain "challenging", says Northwest Pipe

Expect continued weakness in the fluid and hydrocarbon line pipe markets through year-end, says US pipemaker Northwest Pipe in its third-quarter earnings review. The company’s water transmission sales fell -48.2% year on year to $39.8m, while its energy, industrial and agricultural tubular product sales fell -68.4% to $12.5m. "We expect fourth quarter revenue and backlog in water transmission to improve due to increased second half bidding levels&r…
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