Copper markets have stabilized in recent weeks after a 6.5% decline in the first quarter of 2018.

There has been little or no change since April’s report. 

Demand remains strong for forged steel fittings as WTI Crude sits at $71.55 per barrel.

All Domestic Pipe mills have announced increases in the last 30 days.

Commodity metal costs remain steady/high.

There has been little or no change since March’s report. 

There has been little or no change since March’s report. 

There has been little or no change since March’s report.

The recent drop in copper likely is a short-term price correction. 

Despite some countries being exempted from the 25% government-imposed tariffs, carbon steel pipe prices are still quite elevated.