Companies in the roll-forming industry were still seeing surging demand in Q1 and Q2 of 2021. Pulling together the information from a recent survey revealed that businesses were seeing significant sales increases over 2020. Even those not seeing significant increases were predominately reporting slight to substantial increases.
Tight supplies and high prices are dampening some of the enthusiasm, however. Steel prices have tripled over the past half year, and sure to stretch demand for steel further is a $579 billion federal infrastructure bill.
According to MarketWatch (www.marketwatch.com), steel prices are expected to continue to rise for another quarter, “but once demand and production level out, which could take another year, we should see a more normal market,” it was noted.
Below are the results of the poll taken by Shield Wall Media during the first half or 2021.
