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.