Forged Steel & Malleable Fittings: June 2019
- Domestic pricing on forged steel and malleable iron fittings should remain flat through Q4 2019. The price erosion of steel commodities has allowed manufacturers to work through higher cost inventories and maintain market pricing on finished goods through lower cost inventory. Import finished product will continue to increase as Section 301 tariffs reduce global capacity and other low-cost areas need to increase production. Supply chain disruptions will take place on imported materials and finished goods, however lead times should remain steady for both domestic and import.