Friday, August 14, 2009

Mini boom or bust?

The price of steel has been steadily ticking ever so slightly up the last several weeks and that, I hope gives the industry an impetus to "get it done".

For domestic detailing, we've seen a steady release of minor projects of late - not the larger ones of previous years, but smaller 100 - 200 ton filler projects. Not our ideal but in this new economy, we're happy to have the business. Existing clients are still struggling to secure projects to let, but they are starting to move.

I strongly believe that the pent-up demand that must be gathering is going to flood the market sooner than later - unless something catastrophic occurs again. As it is, with clients waiting until the absolute last minute to execute PO's and releases on projects, the time to actually do the work is vastly abbreviated. This affects quality all the way around. Something to consider if you are a fabricator or owner. In this atmosphere, no one can afford any mistakes.

Just some thoughts.....