Malleable iron fittings report: August 2017
Pricing on domestic malleable products recently experienced a 6% increase, principally driven by rising scrap costs. The domestic market is stable and witnessing a higher level of requests for “Made in the U.S.A.” products. The manufacturers have ample capacity to meet this uptick as well as any potential acceleration of these requests.
Import malleable products also saw a price increase, also due to the same rising scrap costs as well as higher costs to transport the product from overseas.
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.