MRC Global provides a broad range of valves that are available in a wide variety of materials from today’s leading valve manufacturers to fully meet even the most complex and unique requirements.
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Downstream & Industrial
MRC Global is the chemical industry's source for a complete range of PVF products in carbon steel, stainless steel and special alloys.
Andrew R. Lane
President & CEO
Andrew R. Lane has served as our president and chief executive officer since September 2008. He has also served as a director of MRC Global Inc. since September 2008.
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MRC Global InSight
MRC Global's magazine, InSight, is published bi-annually for our customers and features product lead times, data, sector information and price trends.
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Large inventories and idled mills are the hallmarks of this product group in 2020. The COVID-19 pandemic did not have a significant effect on lead times for carbon steel pipe, fittings and flanges (PFF). However, the economic slowdown and reduced end user spending that have resulted from the global pandemic and oil price slump have forced many U.S. mills to severely decrease their output, instead relying on built-up inventory to fill orders.
In the short term, lead times for almost all carbon steel PFF are approximately six to eight weeks, and pricing has remained relatively stable because of supply availability. However, when the industry recovers and demand increases, inventory will evaporate quickly while mills slowly ramp back-up. End users who have mid-size or large project needs in the coming year should work closely with MRC Global to secure their requirements from the limited available inventory in the U.S.
International pipe mills are producing at a higher rate than U.S. mills; however, they could be subject to antidumping penalties or tariffs that were implemented in 2019.
In general, demand for carbon steel fittings and flanges is weak, which is in line with the low activity levels across the U.S. Low demand, combined with readily available inventory at both distributors and manufacturers, has shortened lead times for carbon steel fittings and flanges.
It is worth noting that we anticipate more consolidation of manufacturers in this product space. Some suppliers may not be able to withstand this period of inactivity and will either close or be acquired. We do not expect this to significantly impact short term availability or price, but if consolidation does occur, there will be fewer sourcing options in the years to come.
As a group, U.S. line pipe mills are running at approximately just under 15% capacity after building up significant inventories in the first half of 2020. As a result of the excess inventories, electric resistance weld (ERW) sizes up to 16” are available from stock or produced in as little as two to four weeks. For sizes greater than 24” straight seam (SAWL) demand has also decreased over the course of this year and demand is light. Current lead times can be between 8 and 12 weeks. Project activity has pushed major domestic mills lead times on these sizes out to late Q1 2021 on spiral weld pipe (SAWH). We expect availability of these products from U.S. domestic suppliers will be tight through 2020.
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