Hot off the Press



Metalformers Feeling More Positive

Tuesday, August 21, 2018

Metalforming companies anticipate an improvement in business conditions through December, according to the August 2018 Precision Metalforming Association (PMA) Business Conditions Report. The monthly report, a sampling of 112 metalforming companies in the United States and Canada, shows that 29 percent of participants forecast an improvement in economic activity during the next three months (up from 24 percent in July) and 62 percent expect no change (compared to 53 percent last month). Only 9 percent anticipate a decline in activity (down from 23 percent in July). 

“We continue to closely monitor members’ reports on steel and aluminum prices and lead times,” says PMA President Roy Hardy. “Metalforming companies continue to report higher steel prices and longer lead times as a result of the Section 232 steel tariffs, and express growing concern about lost business opportunities and the growing challenge of competing with European and Chinese companies who pay global (lower) prices for steel. Despite these concerns, our members are resilient and remain positive, as evidenced by their outlook for economic activity and incoming orders.”

For the full report, click here.



Reader Comments

There are no comments posted at this time.


Post a Comment

* Indicates field is required.

YOUR COMMENTS * (You may use html to format)




Visit Our Sponsors