Malleable iron fittings report: March 2019
- January producer prices for iron fittings were up 4.8% year-over-year despite pressures from lower scrap prices.
Key factors that could affect supply or price:
- There is still much speculation that importers were attempting to get ahead of tariff risk over the past three months (leading up to the original March 1 deadline between the US and China). Any early overstocking of products could lead to lower order volumes in Q2/Q3 without a significant uptick in demand.
- Domestic order demand would be unaffected by this trend. Those buying “in the USA” would continue to see a stable pricing environment.
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.