Steel Mills
January 19, 2021
HARDI Members See More Staying Power for Steel
Written by Tim Triplett
When will steel prices plateau? There seem to be two schools of thought on the subject. Many predict prices will peak in March/April, according to Steel Market Update’s surveys of the market. Most members of the Heating, Air Conditioning & Refrigeration Distributors International say they don’t see market prices changing direction before mid-summer. HARDI is a trade group representing wholesalers who supply the construction/HVAC market.
In a flash poll of HARDI members on a conference call this morning, two out of three said they expect galvanized steel prices to rise a further $40 per ton ($2/cwt) in the next 30 days. None expect prices to fall until April at the earliest, and two-thirds predict the price correction could hold off until June or even later.
