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The proposed price specification for steel ERW line pipe (X70) fob mill US $/short ton is as follows: Quality: API 5L, outside diameter 20in and greater Location: fob US mill Unit: Dollars per short ton Quantity: Minimum 250 tons Publication: Monthly, last Tuesday Notes: Raw material surcharges included
The proposed changes are driven by recent evolution in demand, market participant interest and overall usefulness.
The 60-day consultation period for this proposal begins on Tuesday July 30 and will end on Monday September 30. An update to this notice will be published that day. Changes would be set to take place – subject to market feedback – beginning Tuesday October 29.
To provide feedback on these amendments, or if you would like to contribute price information by becoming a data submitter to these assessments, please contact Dom Yanchunas at pricing@fastmarkets.com. Please add the subject heading FAO: Dom Yanchunas, re: OCTG, line pipe.
To see Fastmarkets AMM’s pricing methodology and specification documents, click here.
Fastmarkets AMM has no financial interest in the level or direction of the price assessment.