JEREMY FLACK QUOTED IN WALL STREET JOURNAL

In its article “America’s Post-Covid Factory Boom Is Running Out of Steam” The Wall Street Journal reports that U.S. manufacturers are rethinking their plans as they brace for an extended slump in demand.

Jeremy Flack, CEO of Phoenix-based steel and aluminum distributor Flack Global Metals, said steel buyers are keeping their purchases small on the expectation that prices will continue to fall.

“We’re seeing significantly less demand this year than last,” Flack said. “After three years of breaking every record, we’re settling back into the old steel business.”