No further price actions were reported in March and there has been little change in commodity metal costs. Copper and zinc were flat and nickel was down roughly 7.0%, though all three remain high relative to last year.
Overall, the market outlook remains strong. Residential construction spending was up 1.8% in February and up 6.2% year-over-year. Commercial (building) construction was down 0.3% but still up 9.6% year-over-year.