In plumbing, wholesalers are reporting price hikes of 15–35% across copper, steel, and PVC since the tariff chatter began. Distributors caught between rising supplier invoices and contractors reluctant to absorb increases face an unenviable choice: raise prices and risk losing volume, or protect customer relationships and watch margins evaporate.
Prices stabilized around the $4.30 level after the White House postponed new tariffs for 90 days. Since then, copper has regained some ground, supported by signals that Washington may be pursue negotiations with China and by rising expectations of a Federal Reserve rate cut in June.
NIBCO INC. has announced an expansion of its PressACR line with new 1" OD and 1 5/8" OD fittings, designed to meet the evolving needs of the air conditioning and refrigeration industry.
The Copper Development Association (CDA) announced the appointment of Andrew G. Kireta, Jr. as the association’s next president and CEO, effective Jan. 1, 2022.