Commodity Watch

Commodity Watch

Navigating Volatility in 2025

The supply chain is constantly evolving and we’re here to help you stay ahead. As we move deeper into 2025, global and domestic markets are feeling the weight of increasing tariffs, commodity fluctuations, and ongoing manufacturer price adjustments. From steel pipe to copper fittings, nearly every segment of the mechanical and industrial supply chain is feeling pressure—and that means staying informed is more important than ever.

HRC Steel Futures
Continuous Contract

816.00

+3.00 (0.37%)

Last Updated: Oct 17, 2025 1:22 AM EDT
Delayed quote

Copper
Futures

4.9675

-0.0055 (-0.11%)

Last Updated: Oct 17, 2025 1:22 AM EDT
Delayed quote

Disclaimer: We strive to ensure all pricing and product information is accurate and up to date. However, CDS cannot guarantee the absence of errors or omissions. We recommend reaching out directly to confirm the most current information. Thank you!

Tariff Schedule

Announced February 4, 2025 – 25% tariffs on goods from Mexico and Canada, as well as 10% tariffs on imports from China, but the next day announced a one-month pause on Canada and Mexico after reaching agreements with each country. Continued with the planned 10% tariffs on goods from China.

Announced March 4, 2025 – Previously announced tariffs went into effect with Canada, Mexico and China, but the Canada and Mexico ones were again paused.

Effective March 12, 2025 – 25% on all imported steel, including from countries previously exempt (Canada, Mexico, EU, Japan, etc.)

Effective April 2, 2025 – 10% on all imports, with higher “reciprocal” tariffs for specific countries

Effective April 9, 2025 – Higher tariffs were implemented, including a 125% tariff on Chinese imports, and a 20% tariff on European Union goods.

Effective April 9, 2025 – 90-Day pause on “reciprocal tariffs” for most countries, reverting their rates to the baseline of 10%. However, the 25% tariffs on steel and aluminum remained in effect.

Effective May 12, 2025 – US and China have agreed to a 90-Day pause on most tariffs that they have imposed on each other since last month, taking a big step toward easing the trade war between the two countries.

With the U.S. reducing tariffs on Chinese exports to 30%, a surge in new orders has followed, which has the potential to push near-term global demand and freight activity higher, potentially increasing freight costs.

Effective June 4, 2025 – White House announced an additional 25% (for a total of 50%) on all imported steel and aluminum.

Effective August 1, 2025 – White House announced a 50% tariff on import copper.

As of October 15th, 2025

Recent Product Group Changes

Pipe & Tubing

Copper Tubing

2.5% Increase 2/7/25 – list and multiplier change

2.5% Increase 2/11/25 – multiplier change

3% Increase 2/14/25 – list price change

3% Increase 3/5/25 – list and multiplier change

2.5% Increase 3/7/25 – multiplier change

2.5% Increase 3/14/25 – multiplier change

4.5% Increase 3/20/25 – list and multiplier change

2.5% Increase 3/27/25 – multiplier change

4.5% Decrease 4/8/25 – list and multiplier change

4% Increase 4/23/25 – list and multiplier change

1% Decrease on 1/2″-1″ Type L, 2% increase on all other sizes and types 6/3/25 – list and multiplier change

2.5% Increase on 1/2″-1″ Type L, 5% increase on all other sizes and types 6/27/25 – list and multiplier change

5% Increase on 1/2″-1″ Type L, 8% increase on all other sizes and types 7/9/25 – list price change.

2.5% Increase 7/24/25 – multiplier change

7.5% Decrease on 1/2″ – 1″ and all other sizes and types and down about 5.5% 8/4/25 – list and multiplier change

2.6% Decrease 8/26/25 – multiplier change

0%-4.5% Decrease, depending on size and type 9/15/25 – list and multiplier change

3% Increase 9/25/25 – list and multiplier change

2.5% Increase 10/6/25 – multiplier change

3.5%-4.5% Increase depending on size and type – list change

Domestic ERW Carbon Steel Pipe

5% Average increase 1/21/25

6.25% Average increase 2/5/25

6.25% Average increase 2/17/25

9% Average increase 2/27/25

7% Average increase 3/10/25

8% Average increase 3/21/25

Import Large Diameter ERW Carbon Steel Pipe

13% Average increase 2/14/25

10% Average increase 2/27/25

Domestic Carbon Seamless Pipe

20% Average increase 2/19/25

PVC DWV Pipe

5% Increase 1/21/25

7% Increase 4/14/25

Import Carbon Steel XH & Seamless Pipe

24% Increase 2/27/25

Fittings

Press Fittings

3-7% Average increase  3/1/25 Viega – ProPress Copper

5% Increase 2/10/25 Mueller Streamline

7% Increase 3/3/25 Mueller Streamline

20% Increase 5/1/25 Viega ProPress Stainless & MegaPress

12.5% Increase 8/18/25 Viega ProPress Stainless & MegaPress

7% Average increase 8/4/25 Mueller Streamline PRS Copper Press

25% Average increase 9/8/25 Viega ProPress Copper

25% Average increase 9/8/25 Mueller Streamline PRS Copper Press (amending the 7% increase effective 8/4/25)

Copper WROT & Cast Fittings and Flanges

8% Increase 2/17/25

7% Increase 4/7/25 – list and multiplier change

8.7% Average Increase 7/16/25

Import Weld Fittings & Flanges

25% Average increase 2/18/25

4% Average increase 4/2/25

8%-14% Average increase 4/3/25

10% Average increase 6/5/25, based on added 25% tariffs. (now 50% on import steel).  If the tariff sticks, there will likely be additional increases.

Victaulic

6% Increase 2/28/25

6.5% Increase 6/30/25

Cast Iron and Black Maleable Fittings

10% Increase 3/10/25

5%-25% Increase varies by item 4/14/25

5%-25% Increase varies by item 5/19/25

Previously announced increases effective 5/19/25 have been paused

10% Average increase varies by item 8/29/25, list and multiplier change

PVC Fittings

5% Increase 2/1/25

Valves and Strainers

Bray

4.5% Increase 11/15/2024

2%-10% Increase varies by product 4/2/25

18% Increase, varies by product 4/16/25

Apollo

4% Increase on commercial & industrial ball valves (excludes press) 1/6/25

6% Increase on import ball valves  2/28/25

6% Increase on press ball valves 3/20/25

 

Increase notice 3/21/25

  • 12% Increase on import ball valves 4/4/25
  • 6% Increase on commercial & industrial ball valves 4/4/25

Increase notice 4/15/25

  • 68% Increase on import valves 4/16/25
  • 4% Increase all other products 5/5/25

Previously announced 68% increase on import valves has been reduced to 8% 5/16/25

Jomar

3% Increase 1/20/25

6% Increase import ball valves 3/31/25

66% Increase import ball valves 4/17/25

Reduced the 66% increase on import ball valves to a 12% 5/12/25

9% Increase on brass check valves and 5% increase on import ball valves 10/27/25

 

Mueller Steam Specialty

6% Increase on 1/6/25

10% Increase on 3/31/25

Nibco Valves

4% Increase Valves 1/3/25

6% Increase bronze & iron strainers 3/3/25

6% Increase bronze & iron strainers 3/31/25

60% Increase on Chinese products 4/15/25

40% Increase on iron products 4/15/25

12% Increase on all others 4/15/25

Previously announced increases are being updated to the below, effective 5/16/25

  • 60% Increase on Chinese products will now be 6%
  • 12% Increase on ball valves will now be 4%
  • 40% Increase on iron products will now be 6%

 

Keckley

5-6% Increase 2/13/25

60% Increase on strainers, checks & triple duty valves 4/17/25

Previously announced 60% increase on strainers, checks & triple duty valves has been lowered to 5% 5/16/25

20% Increase 10/28/25

Miscellaneous

No-Hub Couplings

15% Increase on standard duty couplings 3/7/25  Anaco Husky

8.5% Increase on SD4000 3/7/25 Anaco Husky

10% Increase on Heavy Weight 8/1/25 Mission

JR Smith

5% Increase 1/1/25

10% Increase 4/1/25

25% Increase 5/15/25

As of October 3, 2025

CDS Resources

Carbon Steel Historical Report

Historical Price Comparison Between 6” A53 ERW Domestic Steel Pipe and Front-Month Hot-Rolled Coil Futures Contracts.

Steel 10.3.25

Copper Tube Historical Report

Historical Price Comparison Between 1/2” Type L Copper Tubing and Front-Month Copper Futures Contracts.

Copper 10.3.25

ASA PVF Outlook

Each month ASA publishes the ASA Commodities Reports, covering nine metal and plastics categories of keen interest to those doing business in the industrial and mechanical PVF supply chain. These reports are written by members of ASA’s Industrial Piping Division, comprised of distributors, manufacturers and master distributors of industrial and mechanical pipe, valves and fittings products.

MMD September 2025 250926 V1

 

As of October 10, 2025

Category Updates

Snapshot

Carbon Steel Pipe

Data center construction is a significant driver of domestic steel demand, and its growth has contributed to the overall consumption of steel in the US construction industry. While data centers represent a small portion of total construction spending, their rapid expansion, particularly over the last few years, has put pressure on steel prices. This demand, coupled with factors like megaprojects and tariffs, has led to higher steel prices, impacting data center construction costs. 

 

Nippon purchase of United States Steel is complete and allows the US Government the authority to decide on closing and idling plants.

 

Steel coil imports continue a downward trend.  EU significantly increased tariffs (50%) predominately aimed at steel from China.

 

US steel mills were at 77.2% capacity utilization.

 

Landed cost for carbon steel pipes has gone down $5 over the last month.

  • October HRC – Down $5 from September at $795/NT
  • Steel lead times are now 4 to 5 weeks for HRC

Steel Pipe Supporting Documents & Resources


As of August 27, 2025

Category Updates

Snapshot

Carbon Steel Fittings and Flanges

Customers are reacting with increased spike in order activity and suppliers are adjusting to the increased demand. This is due to the potential impact of tariffs would have on future orders and to get ahead. Lead times remain standard from both master’s and our international sources for the Generic offering. We’re still seeing increased activity within the commercial sector around large capital projects that use Large Outer Diameter (LOD) products. ERW has increased about 51.5% since the beginning of 2025.  With the White House imposing an additional 25% tariff on import steel, effective 6/4/25, there is a 10% price increase effective immediately.  If the tariff sticks, there will likely be more increases.

Demand for carbon steel weld fittings & flanges has slowed in August which has caused some price deflation while landed costs are rising due to receiving in containers that have the additional Section 232 tariff applied. This may cause future price adjustments.

 

Import Date Change % Change
2/18/25 35% Average Increase
4/2/25 5% Average Increase
4/3/25 8-12% Varies by item
6/4/25 10% Average Increase

As of October 9, 2025

Category Updates

Snapshot

Copper Tube

Copper prices extended gains on Thursday, September 25th, building on a nearly 4% surge in the previous trading session. Copper prices are poised for their largest weekly gain in three months, driven by intensified global supply disruptions, including an accident at Freeport-McMoRan’s Grasberg mine and a mill shutdown in Peru. These events have tightened the supply-demand balance and are contributing to a bullish outlook for copper throughout the rest of 2025 and potentially into 2026.

 

The tubing manufacturers have moved to a new higher list price sheet. Between the list and multiplier structure change this represents a net increase across the board, with the exception of refrigeration coils, of around 3%.

 

Copper tubing manufacturers announced a multiplier increase on 10/6/25, primarily being driven by supply concern at Grasberg, the world’s number two copper mine. It has minimized operations for the rest of this year with limited operations planned for most of next year. A weaker dollar is also helping push copper higher.  This increase is an additional 2.5%.

 

On top of the above price increase on 10/6/25, copper tubing manufacturers announced a new list price increase effective 10/9/25 of 3.5% on 1/2″-2″ type L hard copper, with all other sizes and types increasing by 4.5%.

 

Futures remain in Contango.


As of April 7, 2025

Category Updates

Snapshot

Copper Fittings

Copper fittings are feeling the pressure from both material costs and manufacturer adjustments, with multiple brands announcing increases across WROT, cast, and press products throughout Q1.

  • 8% Increase 2/17/25
  • 7% Increase List and Multiplier Change 4/7/25

As of August 27, 2025

Category Updates

Snapshot

Cast Iron Soil Pipe & Fittings

Charlotte Pipe and Foundry has announced new 2026 list price sheets that will represent an approximate 5% list price increase for all cast iron pipe & fittings.  They will be taking allocated orders from the current list price sheet through the end of November 2025.


As of April 7, 2025

Category Updates

Snapshot

PVC DWV Update

While PVC DWV systems have remained relatively stable, recent tariff-related adjustments have introduced modest cost increases that buyers should keep an eye on.

  • 8% Increase 2/17/25
  • 7% Increase List and Multiplier Change 4/7/25