Eateries are having it their way despite the dull economy

May 01, 2008 | 12:25 PM |

Consumer spending might be down due to the softening economy, but that hasn't weakened the food service industry's drive to put more eateries on the map.

Since restaurant kitchens traditionally are constructed with stainless steel for its intrinsically hygienic characteristics, the food service industry's sustained growth bodes well for stainless producers and suppliers.

Darden Concepts Inc., Orlando, Fla., owns several brands, including Olive Garden, Smokey Bones, Red Lobster and Capital Grille, using at least 10,000 pounds of stainless sheet in new restaurants, said Rich Jeffers, Darden's director of media relations.

Stainless prices have been riding a roller coaster, with Type 304 sheet fluctuating from $1.27 a pound in April 2006 to $2.49 a year later and down to $2.22 in April this year. The price peaked at $3.03 a pound in July 2007. ....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results