Insteel Industries Sees Selling Prices And Spreads Under Pressure In Q4, Particularly Where It Competes With Imported PC Strand
Portfolio Pulse from Benzinga Newsdesk
Insteel Industries is experiencing pressure on selling prices and spreads in Q4, especially in markets where it competes with imported PC strand.
July 18, 2024 | 10:36 am
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Insteel Industries is facing pressure on selling prices and spreads in Q4, particularly in markets where it competes with imported PC strand. This could negatively impact the company's revenue and profitability in the short term.
The news indicates that Insteel Industries is facing competitive pressure from imported PC strand, which is likely to lead to lower selling prices and reduced spreads. This will negatively impact the company's revenue and profitability in the short term.
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