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: September 2021
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