HARDI: Spared the Worst So Far, Taking It Day by Day

Distributors supplying galvanized steel to the HVAC market report that demand and prices have remained surprisingly resilient so far, but they fear it’s only a matter of time before their business feels the full effect of the coronavirus crisis.

“Your business is going to change. We are in the very early part of that change,” warned John Packard, president and publisher of Steel Market Update, on a conference call with members of the Heating, Air Conditioning & Refrigeration Distributors International (HARDI) earlier today. “The forecast now is for a global recession. The question is how deep and for how long.”