Domestic Malleable Fittings: September 2021

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