Carbon steel report: October 2018
After eight weeks of lower hot rolled coil prices, domestic mills have announced a $40.00 per ton increase which will be passed thru to ERW & CW Pipe mills. This could cause pipe mills to attempt a price increase. This committee does not anticipate that sticking. Import pricing, which has been unstable, continues to rise due to duties, tariffs and quotas. Thailand was recently hit by a 28-31% duty on imports. Pipe business and distributor inventories remain strong.
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.