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    Chicago Business Barometer rebounds in December

    Written by Brett Linton


    The Chicago Business Barometer increased in December after hitting an 18-month low in November, according to Market News International (MNI) and the Institute for Supply Management (ISM).

    The Barometer surveys purchasing and supply management professionals in the Chicago area each month to gauge company-level business conditions. December marked the 25th consecutive month that the index has been in contraction.

    Brett Linton

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    Galvanized buyers report severe supply strain

    Service centers and manufacturers on the Sept. 15 HARDI Sheet Metal and Air Handling Council call described a tight, seller-driven market. Lead times are long, deliveries are late, inventories are thin, imports are down, and demand is strong, causing a shortage of galvanized material. SMU regularly joins the council’s meetings to discuss the galvanized sheet market. Participants — members of Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) — are wholesalers, service centers, distributors, and manufacturers who buy or sell galvanized steel.