Steel Markets
October 31, 2016
Gibraltar Industries Comments on Construction Industry
Written by Sandy Williams
Gibraltar Industries, as a leading manufacturer and distributor of building products, has close ties to the steel industry. In the third quarter earnings call, Gibraltar Senior Vice President and CFO Ken Smith was asked about how the company is handling the recent steel price increase.
Steel increases are monitored multiple times day across the Gibraltar business platform, said Smith. “We’re trying to ensure that we are buying at the lowest optimum points for quantities that we need in the future. And we feather those sources of supply based on where we think the cost is going to be going.”
