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Atkore International Group Inc.

02/09/2018 | News release | Distributed by Public on 02/09/2018 16:22

Strong Inflation Across Virtually Every Commodity and Spend Category

Strong Inflation Across Virtually Every Commodity and Spend Category

US industrial markets have seen positive economic growth driven by:

  • Strengthening customer demand
  • Lessening government regulations
  • Increased trade actions from imports
  • Recovering energy industry

As a result of this positive economic activity, there have been downstream economic repercussions. Specifically:

  • Steel - 5 year high; Up 20% since October 2017
  • Copper - 4 year high; Up 30% since May 2017
  • PVC - Forecasted to increase over 20% in next couple of months
  • Zinc - 5 year high; Up 41% since June 2017
  • Diesel fuel costs up 14% since June 2017

While commodities fluctuate up and down over time, we are currently in an environment where almost every commodity is at multi-year highs and that drives electrical product costs up significantly.