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    Distributors/Service Centers

    May 30, 2018

    Metalformers Report Higher Prices and Extended Lead Times

    Written by Sandy Williams

    Metalforming companies in the U.S. and Canada are expecting business conditions to decline slightly in the next three months as tariffs take hold and steel prices and lead times increase. 

    The latest Precision Metalforming Association Business Conditions report sampled 112 metalforming companies and found that 31 percent of participants forecast an improvement in economic activity during the next three months (down from 42 percent in April) and 65 percent expect no change (up from 52 percent last month). Metalformers also expect incoming orders to decrease in the coming months.

    Sandy Williams

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