Fourth-quarter 2018 prices were flat. Upward price pressure was reduced as distributors located sources not subject to import duties. Pricing is expected to remain flat through Q1 2019. USA rig counts per Baker Hughes reflect an increase 2018 over 2017 of 144 rigs. Pipeline issues and product transportation continue to be an obstacle to continued growth in the Permian Basin.
Domestic forged steel manufacturers are increasing domestic pricing 12-15%, between now and 1/1/19 (which was reported last few months). Import production has shifted to China and India after dumping lawsuits against Taiwan. Supply is strong and lead times range from stock to four weeks.
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.