Service Centers
May 30, 2018
Metalformers Report Higher Prices and Extended Lead Times
Written by Sandy Williams
Metalforming companies in the U.S. and Canada are expecting business conditions to decline slightly in the next three months as tariffs take hold and steel prices and lead times increase.
The latest Precision Metalforming Association Business Conditions report sampled 112 metalforming companies and found that 31 percent of participants forecast an improvement in economic activity during the next three months (down from 42 percent in April) and 65 percent expect no change (up from 52 percent last month). Metalformers also expect incoming orders to decrease in the coming months.
