Despite some countries being exempted from the 25% government-imposed tariffs, carbon steel pipe prices are still quite elevated.
Korea has been indefinitely exempted but a quota will remain, nullifying any relief for the time being on Korean imports. We anticipate prices will be raised to compensate for loss of capacity. Domestic product pricing has continued to climb since February. Increases on larger diameter pipe and seamless pipe have outpaced those on smaller welded product.
The American Supply Association (ASA) and its Industrial Piping Division (IPD) is the national organization serving wholesaler-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.