With an extended period of construction activity and no imminent signs of recession, prices for used construction equipment at resale and auction have found their level, with fewer of the fluctuations that marked recent years.
Not since the “United States Steel Hour” during the golden age of television has the Pittsburgh-based steelmaker had such drama like the firm’s current public relations fight with former bidder Cleveland-Cliffs over its proposed acquisition by Japan’s Nippon Steel Corporation.
Public work continues to spur growth in the construction industry in the second quarter as contractors wait for interest rates to decline in the second half of the year.