Steel Supply Puts Manufacturers in a Pinch; Majority of Companies Surveyed Say January Orders Came Incomplete or Late

Summary

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Steel-product manufacturers are struggling to get enough metal, according to a new survey from the Precision Metalforming Association, a trade group that has Milwaukee-area companies in its membership.

Sixty-six percent of the surveyed companies said they received only partial shipments of the steel they expected in January, while 77% received late shipments. More than half of the companies said current steel market conditions are "significantly to critically" disrupting their businesses.

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Extract

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Steel Supply Puts Manufacturers in a Pinch; Majority of Companies Surveyed Say January Orders Came Incomplete or Late

After a four-month decline in imports of hot-rolled steel, which is commonly used by manufacturers, the Precision Metalforming Association is calling for the elimination of tariffs on the material from Brazil, Japan and Russi...

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