Steel Mills
March 7, 2019
Ryerson Forecasts Strong First Half, Uncertainty in Second
Written by Sandy Williams
After an accelerated decline in carbon and steel prices in the fourth quarter, spot prices bottomed in January and are now moving higher in the first quarter, said Ryerson President and CEO Eddie Lehner.
Demand conditions appear favorable in the first part of 2019 despite weather interruptions in the early part of the year. Ryerson customers are expecting low to mid single-digit growth this year. Construction equipment, commercial ground transportation and HVAC are expected to be on the higher end of that range and energy markets on the low end.
