Final Thoughts

I will have a detailed report regarding the HARDI annual conference in Thursday evening’s issue. However, the news is good for those involved in the construction industries with Alan Beaulieu, Chief Economist for HARDI and co-founder of the Institute for Trend Research, proclaiming 2016 will be better than 2015 and 2017 will be even better than 2016.

There are rumors that Nucor will be the first to announce a price increase. This makes sense to me based on a quick analysis I did on mill lead times and found that Nucor mills were the furthest out. Part of the stretch may be due to the holidays and maintenance schedules but mills like Berkeley were reporting galvanized lead times as being as far out as the first week of March. Others, like AK Steel, are reporting lead times as still being in January. So, we have a mixed bag and that may be one of the reasons why the mills are still holding back from making any “official” announcements.