Kloeckner’s Ganem “Quite Positive” on the Year Ahead

Now that the presidential election is behind us, Congress has passed an historic stimulus package and there is light at the end of the pandemic tunnel as the vaccines proliferate, executives at Klöckner & Co. look forward to a stronger year for steel, especially for demand in the second half.

“We expect the $1.9 trillion stimulus package…will lead to a very, very strong increase in consumer spending as the year progresses,” said John Ganem, CEO of Kloeckner Metals, the Americas division of the German steel producer and distributor, during the company’s earnings call on Wednesday.