Steel Mills
May 19, 2020
HARDI: “Cautiously Optimistic” About Construction, Galvanized Prices
Written by Tim Triplett
Wholesalers of HVAC products for the construction market report surprisingly strong sales given the coronavirus situation, but also concerns about construction demand in the second half when current work is completed and there are fewer new projects in the pipeline.
In a conference call this morning, members of the Heating, Air Conditioning & Refrigeration Distributors International expressed “cautious optimism” about their prospects as businesses reopen and the economy gradually recovers from the government-ordered shutdowns to stem the spread of COVID-19. The HARDI members, who sell galvanized steel products to contractors and other customers, are particularly vulnerable to recent swings in the price of coated steel.
