The global steel market is rapidly changing. Demand worldwide is rising, while supply disruptions continue to mount due to the conflict in Ukraine, where key raw material exports have become more limited for steel production facilities., causing steel prices to increase. Along with this, shipping and freight continue to rise because of sanctions placed on Russian oil and gas, helping to raise the cost of fuel needed to transport these steel products.
Because of these increases, domestic steel mills have announced an increase of $200/TON, or 10%. We will be holding current price levels through close-of-business today, 4/1 and will be implementing a new list price on Monday, 4/4.
Threaded Rod Increase Monday
Threaded rod manufacturers have announced a minimum 10% increase. We will hold current price levels through close-of-business today, 4/1, and release a new list price sheet on Monday, 4/4.
PVC & Metal Conduit Increase Monday
Also due to rising input and freight costs, PVC & Metal conduit manufacturers have announced a 5% increase, while Aluminum conduit manufacturers announced a 10% increase. These increases will be in effect on Monday, 4/4.
CPVC SCH80 and FloGuard Gold Increase
CPVC mills have announced a price increase of 8% which will be going into effect on Monday, 4/4. We will be holding current price levels through today, 4/1.
How We Can Help
Merfish United’s business model – which enables wholesalers to buy a broad array of pipe products from one supplier, at low minimums for FFA – is designed for low and unpredictable volume scenarios, exactly like the one we are in right now. Call your representative now to schedule your next weekly delivery of mixed-and-matched pipe products.