Construction data up but steel sales mixed

Apr 01, 2013 | 04:51 PM | Samuel Frizell

Tags  Construction, steel long products, wire rod, rebar, Associated General Contractors of America

NEW YORK — Key construction industry metrics, including spending, have shown marked improvement in recent months, but whether the steel long products sector has seen the benefit in its order books is another question.

Most sources supplying the sector said business was improving and order books appeared stronger month on month, but many said dramatic changes have yet to arrive, even as spring activity starts to set in.

"We’ve seen an uptick, but not (as much as we hope) we will," said an Illinois-based rebar distributor who supplies contractors. States that begin public construction projects in mid-April are getting ready for more activity, but business might remain subdued until then, he said. "I think about a week before (our) April 15 opening, we’ll see projects getting off the ground," he said.....

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