Stephen Letko

Stephen Letko launched his own firm, SPL Enterprises LLC, in 2000 after a distinguished career in executive positions with companies including Dodson Steel Products, Mills Iron Works and Crane Company. His expertise includes implementation of new markets, restructuring companies to improve their financial position, and developing marketing, quality and employee incentive programs. Contact him at 770-972-8282 or sletko@splenterprises.com.

PVF Market Overview

Despite COVID-19 Concerns, Energy Projects Move Forward

A disruption in the supply chain caused by the coronavirus may cause delays of offshore welding fittings and forged steel flanges.

March 31, 2020

Stephen Letko

No Comments

A disruption in the supply chain caused by the COVID-19 virus may cause delays of offshore welding fittings and forged steel flanges.

PVF Market Overview

Companies Continue Pipeline Projects

Despite the current oil glut due in part to declining demand in China, U.S. oil companies are moving on with capex ventures.

March 2, 2020

Stephen Letko

No Comments

As of this writing, oil prices have retreated as a result of the coronavirus, coupled with the glut of oil on the market, to $50.34 for WTI and $54.45 for Brent Crude.

PVF Market Overview

Signs Point to 2021 Construction Downturn

Positive signs for 2020 include the economy and interest rates.

February 3, 2020

Stephen Letko

No Comments

A market downturn in the construction industry is coming; however, it’s not likely until after 2020. Construction industry members and observers know a decline is inevitable with market growth continuing too long to last.

PVF Market Overview

Recession Not Expected in 2020

Construction starts in the industrial sector for 2020 is projected to remain relatively steady.

January 6, 2020

Stephen Letko

No Comments

The construction markets are entering the late stage of the recovery cycle; however, experts do not predict an impending downturn in the United States.

PVF Market Overview

Construction Executives See Slight Downturn in 2020

The biggest uncertainty is the impact of the 2020 presidential election.

November 29, 2019

Stephen Letko

No Comments

With the end of the year rapidly approaching, we begin to focus on what to expect in the year 2020. The Bureau of Labor Statistics reported an increase in the construction industry’s jobless rate. It rose to 4 percent at the end of the third quarter, despite a gain of 10,000 jobs.

PVF Market Overview

Construction Unemployment Lowest in Decade

Contractors have plenty of work to bid and looking for qualified workers to hire.

November 5, 2019

Stephen Letko

No Comments

Construction unemployment data from the U.S. Bureau of Labor Statistics indicates that as of the beginning of the fourth quarter, construction unemployment equaled its lowest monthly level reported in over a decade.

PVF Market Overview

Construction Unemployment Declines, Gas Prices Fall

Contractors still looking for skilled workers to fill vacant positions.

October 8, 2019

Stephen Letko

No Comments

As we enter the fourth quarter of 2019, the Bureau of Labor Statistics is reporting the construction sector unemployment has declined to 3.6 percent.

PVF Market Overview

Global Oil Steady

While EIA expects a balanced market, risks for supply disruptions and lower economic growth may occur.

September 4, 2019

Stephen Letko

No Comments

Tight labor markets for skilled tradesmen remain a current and long-term constraint on construction projects in all sectors of the PVF industry.

PVF Market Overview

Construction Employment, Earnings on the Rise

The best jobs results came in the specialty trade contractors’ sector.

August 8, 2019

Stephen Letko

No Comments

Construction jobs at the end of the first half of the year showed more strength than during the first quarter and at the beginning of the second quarter.