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Index lookup · PCU3312103312100

US PPI — Iron and Steel Pipe and Tube Manufacturing from Purchased Steel, Iron and Steel Pipes and Tubes

Producer Price Index for the primary product of NAICS 331210, iron and steel pipe and tube manufacturing from purchased steel, the pipes and tubes that industry ships, distinct from PCU3312 (Steel Product Manufacturing from Purchased Steel). Index base: June 1982 = 100.

Latest value
546.817
Index · as of Aug 2026
Year-over-year change
+14.2%
BLS
Month-over-month change
+2.3%

Latest value is 1 month old. Next update expected around Sep 2026.

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Price history

Data & insights

Key figures

  • From Jan 2024 to Aug 2026 the index went from 488.6 to 546.8, a change of +11.9%.
  • Highest reading in that period: 546.8 in Aug 2026. Lowest: 439.5 in Feb 2025.
  • Largest one-month rise: +4.6% in Apr 2025. Largest one-month fall: -2.7% in Mar 2024.
  • For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 4 of the last 20 months.
Volatility (12mo)
±1.03%
Std. dev. of month-over-month change

Strongest average month-over-month move historically: April (+1.8% avg).

What this means for your clause

Pipeline construction and municipal water contracts that buy from a purchased-steel pipe mill rather than an integrated mill use this industry-specific series, since it isolates output pricing for the pipe and tube maker from the broader mix in the parent steel product group.

Draft a clause

A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.

The [affected portion] of the Contract Price shall be adjusted using US PPI — Iron and Steel Pipe and Tube Manufacturing from Purchased Steel, Iron and Steel Pipes and Tubes (BLS series PCU3312103312100), published by BLS.

Base Period: the index value published for August 2026 (or the month of contract signing, if different) is the Base Value.

Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value.

Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement.

[Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]

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How this index is used

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