Grooved products experienced a 6-7% increase this summer due principally to significant increases in scrap costs. Demand for grooved product remains quite strong due, in large part, to the surge in commercial building in the major urban markets. Nationally, the health-care sector continues to be very strong with hospital construction leading the way. College-campus construction also continues to drive significant demand for grooved product across the country, while K-12 school building has continued to see some very strong regional activity.
The oil & gas sector has strengthened considerably from 2016 due to the sizable increase in rig activity this year, although the increases have leveled out in recent weeks. Data-center building also has remained strong and is showing no indication of slowing down.
Of significant note, Anvil announced it had acquired Grinnell’s North American Mechanical Grooved Division on August 1, an event that will change the grooved product landscape in yet to be determined ways.
The American Supply Association and its Industrial Piping Division is the national organization serving wholesale distributors and their suppliers in the industrial and mechanical pipe-valve-fitting industry. As a powerful alliance of channel partners, we provide a forum for your upstream trading partners to exchange critical information and address key issues.
In particular, ASA’s IPD members constantly check the pulse of the materials and commodities they proudly supply to you. ASA’s IPD members are knowledgeable industry leaders, and those who volunteer their service on the IPD Executive Council compile and prepare the IPD Commodity Reports. The reports contain some of the most current and qualified market data and information available from the industry’s leading manufacturers and distributors about emerging trends and other price-influencing actions and events.
This information is an example of how ASA’s IPD manufacturer and distributor members are constantly looking ahead to ensure you have information and resources you need to be successful. Learn more at www.AdvanceYourAbility.com.