- Steel prices are at an all-time high. We have seen a 7% increase already this year (malleable iron and welded nipples) with another 7% expected in Q2 2021. Demand remains stable and fill rates should be ~98% for standard sizes / classes through Q2 2021. Imports have been reduced, which has caused minor manufacturing constraints from domestic manufacturers.
Domestic Malleable Fittings / Welded Nipples: May 2021
May 1, 2021