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Forged Steel Fittings: August 2019
August 1, 2019
Price and Lead times will remain flat into 4Q19. Forged steel fitting demand has softened YoY partly because ITC cases against FS imports created tailwinds for domestic product in 2018.
Fill rates remain in the >99% for standard sizes / schedules / classes. With a decrease in energy sector demand, inventories remain strong.