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As part of the American Supply Association’s monthly commodity report updates from its Industrial Piping Division, here is the January economic summary.● Corporate spending rebounded slightly; investment was up 0.2% in November (latest available) and was up by 0.4% Y/Y.● Despite the industrial side of the U.S. economy slipping into contraction, the consumer side of the U.S. economy remains strong with advanced retail sales growing 6.0% Y/Y through December (latest available).● Housing starts sur …

Domestic seamless steel pipe mills have announced that due to increased costs of fuel and energy, rising tooling costs, and a tight labor market, they will be immediately implementing a price increase of $200/TON.