HARDI Members Anticipate Declining Steel Prices

Distributors of products for the HVAC sector expect prices for steel, especially galvanized, to drop in the coming weeks or months. Demand remains strong, they report, but they are keeping inventories lean in anticipation of declining prices.

“There is a greater likelihood that prices will go down than go up. With the lead times being as short as they are, you can get steel pretty quickly, so there’s not much incentive to have a big inventory right now,” said one member of the Heating, Air-conditioning and Refrigeration Distributors International (HARDI) during the trade group’s monthly conference call on Wednesday.