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Samuels qualifies this observation by pointing out that, in the web grades, Pictorial almost exclusively buys number one and number two coated stocks. The organization also has an extensive sheetfed printing operation. "Sheetfed paper is not tight at all right now," the company exec notes. "There is a lot of foreign competition and imports in that market segment—with more than 50 percent of the sheetfed paper imported today—which helps balance supply and demand."
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