Valve prices, according to the Producer Price Index, were up 0.9% month-over-month in August (up 0.6% last month). On a year-over-year basis, prices were up 4.2% (up 3.4% last month).
Casting and forging lead times have normalized, and U.S. inventories are back to normal with weaker domestic demand from the energy sector. Price increases are mainly still in effect from 2018.