USA - Encore Wire report 4% y-o-y decline in shipment volumes in Q2 2012 - 0 views
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James Wright on 07 Aug 12Encore Wire, a major producer of building wire in USA, reported that shipment volumes by metal weight contracted by 4% y-o-y in Q2 2012, mainly attributed to the continuing recession in the US construction industry. The company said that its performance by shipment volume should be measured against changes in the spread between the price of wire sold and the cost of raw materials. This metric decreased by 10.1% y-o-y in Q2. Encore further added that the drop in volumes was related to attempts to lead or maintain pricing levels, while not accepting some lower margin orders.