COVID-19 Impact on the Construction Market
- Mar 26, 2020
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In various geographies around the United States, Gilbane routinely publishes opinions of construction market conditions. We do so to keep our clients, design colleagues, and peers informed of our perspective on construction economics, both regionally and nationally.
Click on image to read our white paper: COVID-19 Impact on the Construction Market
The recent impact of the coronavirus disease 2019 (COVID-19) is being felt globally. As such, Gilbane feels it is prudent to offer insight as to how the disease might affect market conditions on the domestic construction industry. We do so in the spirit of making sure our customers and partners have current information and awareness to help mitigate negative effects on their employees’ health and their organizations’ business operations.
As of March 26 we have the following Glass & Steel update (subject to state & local shutdowns)
DOMESTIC STEEL – STATUS GREEN
• No disruption at manufacturer
• No disruption at mill
• Lead times remain 4-6 weeks
• Pricing remains consistent
IMPORTED STEEL – STATUS YELLOW
• Partial shutdown at various Gerdau plants
• Watch Out – Demand may redirect to domestic sources
DOMESTIC GLASS – STATUS GREEN
• No disruption at manufacturer
• Lead times remain 6-8 weeks
• Pricing remains consistent
IMPORTED GLASS – STATUS RED
• Temporary shutdown in Columbia through 04/13
• Lead time impact unclear
• Demand may redirect to domestic sources
Joe Piro, vice president and director of supply chain management at Gilbane, is spearheading information-gathering efforts around the country. Click here to read Joe’s findings in our white paper: COVID-19 Impact on the Construction Market.
