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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