With the price of raw materials rising, ProNest LT uses advanced, true shape nesting algorithms to help waterjet fabricators and manufacturers improve efficiency.
“The value created by this acquisition, from steel purchases to the expansion of product offering, to toll processing, are motivating for both organizations,” said Omer Babineau, Pointe Claire Steel’s President.
The HVACR industry was blessed, and cursed, by the steel market in 2022. That apparent contradiction was explained by two steel market experts during the recent HARDI conference in Houston.
Trane Technologies announced it will further reduce the carbon impact of its HVAC solutions by purchasing low-carbon steel from primary supplier Nucor Corporation, Econiq, with an additional allotment from U. S. Steel, verdeX.
These actions have increased the prices of sheet metal and aluminum, among other items, and they seem to be having a trickle-down effect for commercial HVACR contractors.
The new U.S. steel and aluminum tariffs are, at best, unsettling for the HVAC industry, nation, and world economy. Here is how the tariffs can be expected to impact the HVAC industry.
ST. LOUIS — Nortek Air Solutions is announcing a six percent price increase effective immediately to all product lines, with a range of 2-10 percent based on material and content type. This increase is in response to the US government issuing new tariffs on imported steel (25 percent) and imported aluminum (10 percent).