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Malleable Iron Fittings: July 2019
July 1, 2019
The market is expected to see a 5% increase on MI fittings in late 3Q19. #1 heavy scrap has decreased by >30% since this time last year. MI manufacturers would be hard-pressed to pass an additional market increase through without a significant market event. Lead times remain in the 98% range with no change through Q319.