The Producer Price Index for iron and steel forging was 13.4% higher year-over-year in August (10.0% in the last update).  Month-over-month, prices were higher by 2.8% (2.3% in the last update).

Expect a 10-12% increase if raw materials continue to escalate. Demand is anticipated to pick up as the price of oil continues to rise.Fill rates remain high with very low lead times.