Fastmarkets suspends 10 steel pipe prices, CFR Jebel Ali

This follows the continuation of the conflict between the US, Israel and Iran and the resulting disruptions to deliveries in the region.

Because relevant price data is not immediately available, the following prices are suspended:

MB-STE-0794 Middle East seamless OCTG casing J/K 55 (btc connection) cfr US$/tonne
MB-STE-0795 Middle East seamless OCTG casing L80 (btc connection) cfr US$/tonne
MB-STE-0796 Middle East seamless OCTG casing L80 (premium connection) cfr US$/tonne
MB-STE-0797 Middle East seamless Linepipe API 5L B cfr US$/tonne
MB-STE-0798 Middle East seamless Linepipe API 5L X65 cfr US$/tonne
MB-STE-0818 Middle East welded ERW linepipe API 5L X42 US$/tonne
MB-STE-0819 Middle East welded ERW linepipe API 5L X65 US$/tonne
MB-STE-0820 Middle East welded LSAW linepipe API 5L X65 US$/tonne
MB-STE-0821 Middle East welded Spiral DSAW linepipe API 5L X65 US$/tonne
MB-STE-0822 Middle East welded ERW OCTG casing J/K 55 US$/tonne

Additionally, Fastmarkets is seeking feedback on alternative price references used for steel prices in the region.

Please send any questions or comments to pricing@fastmarkets.com and steel@fastmarkets.com. Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.