Soaring Steel Prices: What can Door Dealers Expect?

What’s expected in the coming the months?
McHugh: Current indications are that steel will continue to rise through mid-summer. After that, it is anyone’s guess. As domestic prices get more inline with the world market, hopefully prices will begin to stabilize. It looks like this trend is not going away anytime soon.

Parham: It’s going to have an impact and slow industry down some. I hope the government will figure out that something is going on. I hope it will stabilize. Normally, the market will take care of itself. If it’s subsidized by the government, you’re taking that part of free enterprise out of the market. When you do that, that’s what causes these kinds of problems.