Steel prices are at an all-time high. We have seen a 14% increase already this year (malleable iron and welded nipples) with another 7% expected in Q3 2021. Demand remains stable and fill rates should be ~98% for standard sizes / classes through Q3 2021. Imports have been reduced, which has caused minor manufacturing constraints from domestic manufacturers.
Domestic Malleable Fittings: August 2021
August 23, 2021