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

A Perfect Storm

Oil price war and COVID-19 converged to cut oil production and slash capex spending.

June 1, 2020

Stephen Letko

No Comments

Oil price war and COVID-19 converged to cut oil production and slash capex spending.

PVF Market Overview

Oil Prices Fall, Capex Projects Cut

However, there still is a substantial amount of capital expenditures slated for 2020.

May 4, 2020

Stephen Letko

No Comments

Uncertainty continues to prevail in our industry as we enter the second month of quarter No. 2 of calendar year 2020. Our sector of the economy has, and continues to be, engulfed in a perfect storm of events.

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.