Because of market conditions, with copper closing up over $.15/lb this week and up almost another $.10/lb this morning, the mills have announced a new list price sheet representing an approximate 3% increase taking immediate effect. A new list price sheet dated is now available.
Also, due to rising costs of raw materials, production, and freight, domestic seamless steel pipe mills have announced a price increase of 5% on all A106 products. A new list price sheet dated 3/2/22 is now available.
Aluminum sourcing has become more costly, and aluminum conduit manufacturers have announced a 10% increase effective immediately. Please call your Merfish United representative for more information or to place orders.
With continued disruptions to global mining and shipping and ongoing high demand, copper and steel remain volatile commodities. The scramble for raw materials amidst global disruptions caused by the crisis in Ukraine has seen copper futures jump in price to levels last seen in October and aluminum hitting a record high of $3,590/TON. Steel production is also slowing as major exporters slow operational output and face wartime challenges at ports. Finally, the rising cost of oil is increasing fuel and shipping costs.
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.