Steel prices have increased 91% in the past five months. We expect to see a 7% increase on the back of projected steel scrap / CW pipe increases before Q1 2021. Demand remains stable and fill rates should be ~98% for standard sizes / classes through Q4 2020. Imports have been greatly reduced, which has caused some manufacturing constraints from domestic manufacturers.
Domestic Malleable Fittings / Welded Nipples: December 2020
December 1, 2020