JEREMY FLACK ON US MANUFACTURERS’ SLOWDOWN 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 scaling back expansion plans as they brace for a prolonged dip in demand.

Jeremy Flack, CEO of Phoenix-based steel and aluminum distributor Flack Global Metals, noted that buyers are keeping orders small, anticipating further price declines. “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.”