Demand and pricing for steel plate have held up well through the first half. The latter may start to dip ?even if consumption remains solid.

Society is clamoring for certain facilities to be built, while other sectors have grown out of favor – at least for now.

It’s coming up on six months since the Infrastructure Investment and Jobs Act was signed into law by President Joe Biden. Yet how it’s going to play out remains something of a mystery to many.

The White House issued guidance to federal agencies on the application of Buy America preferences in the Infrastructure Investment and Jobs Act. The guidance requires all agencies to ensure by May 14 that all iron and steel used in the project must be produced in the United States.

Commercial Metals Company, Irving, Texas, will build a new micro mill in the Eastern United States. The mill will be constructed to serve the Northeast, Mid-Atlantic and Midwestern markets.

The National Association of Manufacturers cautions the federal government against rolling back tax reforms in response to the budget resolution introduced by the Biden administration.

The March announcement by President Joe Biden of a new $2.3 trillion infrastructure program was the fulfillment of a long-awaited, multi-administration dream of the metals supply chain.

From tax incentives to material changes, service centers have plenty of reasons to invest in new equipment… and they are.

The appliance market defied macroeconomic trends with a flat year in 2019. Will the sector continue to defy the odds this year?

Tax Cuts and Jobs Act eliminated most personal deductions for casualty losses, but options remain for service center operators.

A number of factors are coalescing to turn 2018 into a profitable year for distributors of heating, ventilation and air conditioning equipment, which is welcome news for service centers selling into this market.

The one area where Trump and the metals industry were not on the same page has been NAFTA, which the president repeatedly has blasted, while producers and distributors have typically credited it for strong domestic growth.

The steel plate market was on the rise in the first half of 2018, and improved demand has experts and analysts expecting similar growth at least through the end of the year. With the outlook for key end markets similarly positive, steady demand is helping to ease some concerns over soaring prices and trade uncertainty.

Last December’s Tax Cuts and Jobs Act allowed many within the metals distribution industry to expense and immediately write off more, including a 100 percent temporary expensing deduction for adding needed equipment, vehicles, or even a new warehouse or shop building.

Service centers have plenty of reasons to invest in new equipment, not the least of which are recent changes to the U.S. tax code that incentivize capital spending.

Reliance Steel and Aluminum Co., Los Angeles, reported a record $2.76 billion in sales in the first quarter, a 14 percent increase from last year and up 16 percent from the fourth quarter.

Carpenter Technology Corp. announced in March that it will invest $100 million in its Reading, Pa., facility. Planned upgrades include soft magnetics capabilities and a new precision strip hot rolling mill.

Thanks to the just-passed Tax Cuts and Jobs Act, the tax rate for incorporated metal service centers and toll processors will be reduced from its current 35 percent to 21 percent for the 2018 tax year and thereafter.