Product
February 20, 2013
HARDI Steel Conference Call Reports Prices Back to Pre-Announcement Levels
Written by John Packard
The HARDI wholesalers who participate in the distribution of galvanized steel into the HVAC industry held their monthly conference call this morning to discuss the steel market. At the time of the last call held in late January, AK Steel had just announced a $40 per ton price increase and the HARDI members were waiting for the rest of the domestic mills to follow.
Since then, the rest of the mills came out with increases which essentially were aiming at collecting a $38.00/cwt base price on galvanized steel. The HARDI wholesalers reported this morning that none of the price increases had “stuck” and the domestic mills were essentially collecting prices at the levels seen just prior to the AK Steel announcement.
