HARDI Wholesalers Worry: Could Galv Prices See a Correction?

Distributors of galvanized steel products to the HVAC industry are concerned that steel prices could experience a correction once President Trump finally announces his decision on Section 232.

“I fear that a lot of 232 is already built into the pricing, and if the [trade action] is less than people were expecting, we could see base prices decline. I think they are really inflated right now,” said one member of the Heating, Air-conditioning, and Refrigeration Distributors International (HARDI), during the trade group’s monthly conference call on Tuesday. “I’d go further and say I’d bet on it,” added another.