Steel Mills
July 21, 2020
HARDI Wholesalers Report Some Pent-up Demand
Written by Tim Triplett
Wholesalers who sell galvanized steel products to the HVAC sector remain surprisingly upbeat, despite weak steel prices and uncertain demand due to the coronavirus.
In a conference call this morning, members of the Heating, Air Conditioning & Refrigeration Distributors International said they are benefiting from some pent-up demand, especially in the Northeast where state and local authorities were aggressive in calling for virus-related shutdowns. “A lot of people were shut down for two months, so you have two to three months of demand crammed into July,” said one HARDI member.
