Hvacr manufacturers are preparing for the possibility of future price increases on their products. This increase can be directly attributed to the current economic climate in the steel industry.
According to Glyn Richards, chief operating officer for Pacesetter Steel Service Inc., the price of steel has gone up dramatically in the past six months. Pacesetter is a steel distributor serving several hvac manufacturers and contractors. Richards says that there are a few concrete reasons for this shift in pricing, and that the current prices are inevitably going to be passed down to its hvac customers.