The impact on the global supply chain of imported steel pipe continues due to the rising cost of both scrap metal and hot roll coil (HRC), increasing vessel costs and the lack of shipping container availability. These cost pressures, coupled with unusually long delays at ports around the country related to the unloading, sorting and shipping, continue to influence the steel pipe market significantly.
As a result, we are implementing a price increase on globally sourced welded steel pipe on Monday, 3/22 of $100/ton or approximately 7.5%.
We foresee continued supply issues and more increases throughout 2021. Please let us know if you would like to add any members of your team to our email distribution list, and/or have them bookmark the blog on our website and follow our social media pages for alerts like these. We will be releasing a new globally sourced welded steel pipe list price sheet on Monday, 3/22 which allows you to see your individualized prices.
With global demand high and inventory low, steel prices have been climbing. Because of this, strut manufacturers have announced an increase going into effect on 3/22. A new list price sheet will be released then.
How We Can Help:
As we face extreme volatility in the commodities market, remember that Merfish United’s business model is designed for low and unpredictable volume scenarios, exactly like the one we are in right now. With us, wholesalers can buy a broad array of pipe products from one supplier, at low minimums for FFA.
We keep our stock high, so use us to help manage your inventory and buy what you need, when you need it. Mix-and-match Copper Tube with Steel Pipe, PVC Pipe, Conduit, Strut & Rod to make our low weight minimums on your next weekly order.