In general, strong distributor inventories combined with substantial market uncertainty have created moderate demand softening.

Increasing inventories of welded pipe have and will continue to create a bearish market.

Prices (lb): 1 year ago - $3.23 (June 10, 2018); 6 months ago - $2.81; 90 days ago - $2.66 (April 21, 2019) - $2.91; 12 month price range $3.23 high - $2.57 low (Jan. 3, 2019)

US Producer Prices for fittings and flanges on a national basis were up 4.1% Y/Y (5.2% in the last update) through March (latest available).

Valve prices according to the Producer Price Index were up .1% M/M in February. 

US stainless-steel output likely increased by 50,000 tons to 2.85 million tons in 2018. 

Spot HDPE saw a high spot price of .50/lb, up from .53/lb. at this time last month. 

January producer prices for iron fittings were up 4.8% year-over-year.

Most scrap metal producer prices dipped month-over-month in February.

Still off of its 2018 June peak of $3.35, copper prices did lift from February’s $2.77 to a current price of $2.92.