HARDI Members Keeping Watchful Eye on Pricing

As pricing and lead times continue to drop, buyers are keeping a close eye on the market, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) speaking on the Tuesday, May 23, meeting of its Sheet Metal/Air Handling Council.

HARDI Cautious optimism carried over from April’s meeting. Currently, 90% of galvanized buyers say mills are willing to negotiate lower spot prices, according to SMU’s most recent survey data. This is in stark contrast to the 33% of buyers in March.

Becca Moczygemba

Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.