Metalformers’ outlook brightens on activity rise

Feb 19, 2013 | 02:42 PM | Corinna Petry

Tags  Precision Metalforming Association, business conditions survey, shipments, orders, backlog, hiring, steel supply contracts, steel pricing Corinna Petry

CHICAGO — Metalformers have taken a rosier view on business conditions, with only 8 percent of those surveyed in February projecting a downturn over the next three months while half expect incoming orders to rise, according to the Precision Metalforming Association.

"I hear people—customers and peers—saying orders are up, but I can’t figure out why," one East Coast metal stamper and parts builder said. "We think some of our customers are seeing results of damage from Hurricane Sandy" as electrical equipment and commercial heating, ventilation and air-conditioning (HVAC) manufacturers repair and replace systems.....

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