Valves report: January 2018
Copper remains at a three-year high, and steel, nickel and zinc all are trending up. Raw material costs along with foreign exchange rates are pushing pricing up and pricing protection shorter. Most commercial valve manufacturers have announced increases in the 4-6% range in the last 45 days. Others are expected to follow suit, shortly.
The market outlook remains steady. For November, construction spending (seasonally adjusted annual rate) for residential and commercial building activity increased 1.5% in comparison to October.
Relative to forged and cast mid-stream valve markets, deliveries remain an issue with some forged running in the 8-12 weeks range and some trim 5 valves running 20-plus weeks. Cast seems to be in the 6-8-week range for commodity product.
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