PVF Market Information

September 12th, 2012

The following information is an accumulation of “facts” that effect the market prices and deliveries of speciality Pipe Valves & Fittings. Some are positive and some are negative depending on your position in the supply chain, sometimes it is difficult to determine which outweighs the other.

PRICING: Prices are moving up in spite of current low demand. Commodity prices such as scrap, iron ore, ferro-moly and nickel have had dramatic increases since January 2010. At this moment prices for Specialty Pipe & Fittings are the lowest since 2002. We feel that the mills will be forced to increase prices in 2010 due to increased raw material costs. The effect of a recent 90% price increase in iron ore will have a confirmed immediate price impact of + 10% on alloy materials (P91, P92, P22, P23, P11, P5 & P9) out of the mills within the next couple of days. (Click Here to read more from BusinessWeek)

DEMAND: Demand is also the lowest since 2002. There are several factors that could reverse this trend as follows: an $80 billion USD backlog of projects currently held by Korean EPC’s for the Middle East, a continual increase in power needs by developing countries and strong markets in flat rolled and OCTG products.

A factor that could extend the low demand cycle is China becoming self sufficient. This will create additional capacity at manufacturers that have been heavily involved in the supply of specialty pipe & fitting products into China. Once China and India become self sufficient, they will become net exporters. When this does eventually occur, the manufacturers in the rest of the world will be in serious trouble.

DELIVERIES: Deliveries are the shortest in eight years. Purchasing activity in some cases are being delayed due to shorter deliveries. There also seems to be a wait and see attitude in anticipation of the "bottom out" of prices. In our opinion the bottom in both price and delivery was reached at the beginning of 2010. Prices will rise and deliveries will likely extend since many manufacturers have reduced capacity thru raw material inventory and personnel reductions.

The above are U. S. Metals observations. They can be good or bad depending on your individual situation. Please give me a call or send us an e-mail ( websales@usmetals.com ) if you have any questions or if you require additional information. We will be pleased to discuss with you further, the above observations.

We would also appreciate an opportunity to assist you on your Specialty Alloy (P91, P92, P22, P23, P11, P5 & P9) Pipe, Valve & Fitting requirements.



  • Trade Name
    1 1/4 Chrome
    2 1/4 Chrome
    5 Chrome
    9 Chrome
    91
    92
    Chrome Alloy Seamless Pipe
    A335
    A335
    A335
    A335
    A335
    A335
    Grade
    P11
    P22
    P5
    P9
    P91
    P92
    UNS #
    K11597
    K21590
    K41545
    S50400
    K91560
    K92460
     
    Chrome Alloy Welded Pipe
    A691
    A691
    A691
    A691
    A691
    ----
    Grade
    1 1/4CR
    2 1/4CR
    5CR
    9CR
    91
    ----
     
    Chrome Alloy Heater Tubes
    A213
    A213
    A213
    A213
    A213
    A213
    Grade
    T11
    T22
    T5
    T9
    T91
    T92
    UNS #
    K11597
    K21590
    K41545
    K90941
    K90901
    K92460
     
    Chrome Alloy Buttweld Fittings
    A234
    A234
    A234
    A234
    A234
    ----
    Grade
    WP11 / WP11W
    WP22 / WP22W
    WP5 / WP5W
    WP9 / WP9W
    WP91 / WP91W
    ----
     
    Chrome Alloy Flanges
    A182
    A182
    A182
    A182
    A182
    A182
    Grade
    F11
    F22
    F5
    F9
    F91
    F92
    Class 1 / UNS #
    K11597
    K21590
    K41545
    K90941
    K90901
    K92460
    Class 2 / UNS #
    K11572
    ----
    ----
    ----
    ----
    ----
    Class 3 / UNS #
    K11572
    K21590
    ----
    ----
    ----
    ----
     
    Chrome Alloy Forged Fittings
    A182
    A182
    A182
    A182
    A182
    A182
    Ident Symbol
    F11
    F22
    F5
    F9
    F91
    F92
    Class 1 / UNS #
    K11597
    K21590
    K41545
    K90941
    K90901
    K92460
    Class 2 / UNS #
    K11572
    ----
    ----
    ----
    ----
    ----
    Class 3 / UNS #
    K11572
    K21590
    ----
    ----
    ----
    ----
     
    Alloy Forged Valves
    A182
    A182
    A182
    A182
    A182
    A182
    Ident Symbol
    F11
    F22
    F5
    F9
    F91
    F92
    Class 1 / UNS #
    K11597
    K21590
    K41545
    K90941
    K90901
    K92460
    Class 2 / UNS #
    K11572
    ----
    ----
    ----
    ----
    ----
    Class 3 / UNS #
    K11572
    K21590
    ----
    ----
    ----
    ----
     
    Cast Alloy Steel Valves
    A217
    A217
    A217
    A217
    A217
    ----
    Grade
    WC6
    WC9
    C5
    C12
    C12A
    ----
    UNS #
    J12072
    J21890
    J42045
    J82090
    J84090
    ----
     
    Chrome Alloy Plate
    A387
    A387
    A387
    A387
    A387
    A387
    Grade
    11
    22
    5
    9
    91
    ----
    Class 1 / UNS #
    K11789
    K21590
    S50200
    K90941
    ----
    ----
    Class 2 / UNS #
    K11789
    K21590
    S50200
    K90941
    K90901
    ----
     
    Chrome Alloy Bar
    A182
    A182
    A182
    A182
    A182
    A182
    Grade
    F11
    F22
    F5
    F9
    F91
    ----
    UNS #
    ----
    ----
    ----
    ----
    ----
    ----
Information provided in this page is in accordance with the 2013 Edition of the ANNUAL BOOK OF ASTM STANDARDS
Refer to ASME B & PV Section II for non-identical A/SA requirements