WASHINGTON - The soaring price of steel is forecasted to gradually come back down to earth. But it's going to be a long, slow decline.
At the National Association of Home Builders (NAHB) Construction Forecast Conference, John Mothersole, an economist and senior member of Global Insight's Industry Practice, spoke about steel as it relates to building materials. But his comments on steel price trends and the pricing outlook are also of significance to HVACR manufacturers, distributors, and contractors.