Grooved product report: August 2018
Demand remains strong, particularly in the major metropolitan markets. Hospitals, schools and other publicly funded projects fuel a significant part of the growth. An industry-wide increase recently occurred in the neighborhood of 6%, which is on top of an earlier 2018 increase. Rising scrap prices were the main driver behind the increases.
Import grooved products may be facing additional tariff action so pricing will remain volatile for the foreseeable future. Plenty of domestic capacity exists to pick up any additional demand as a result of tariff action.
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.