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The proposal to discontinue has been brought on by limited market liquidity and data collected by Fastmarkets which indicate these prices are not key benchmarks.
The specifications for the prices in question are:
MB-STE-0561 Steel ERW line pipe (X65), fob mill US, $/short tonQuality: API 5L. 20-inch and greater outside diameterQuantity: Min 250 tonsLocation: FOB US millUnit: USD per short tonPublication: Monthly, second Wednesday of the monthNotes: Raw material surcharges included.
MB-STE-0873 Steel ERW line pipe (X70), fob mill US, $/short tonQuality: API 5L. 20 inch and greater outside diameterQuantity: Min 250 tonsLocation: FOB US millUnit: USD per short tonPublication: Monthly, second Wednesday of the monthNotes: Raw material surcharges included.
MB-STE-0852 Steel welded LSAW line pipe API 5L X65 US $/tonneQuality: Line pipe in a diameter range of 20-60” OD (non-sour)Quantity: Min 250 tonnesLocation: FOB US millTiming: 8-12 weeksUnit: USD per tonne Publication: Monthly, last Friday of the month.
MB-STE-0853 Steel welded HSAW line pipe API 5L X65 US $/tonneQuality: Line pipe in a diameter range of 20-60” ODQuantity: Min 250 tonnesLocation: FOB US millTiming: 8-12 weeksUnit: USD per tonnePublication: Monthly, last Friday of the month.
MB-STE-0022 Steel ERW standard pipe A53 Grade A, fob mill US, $/short tonQuality: A53 grade A. 3.5-inch outside diameter x .216 wall thicknessQuantity: Min 100 tonsLocation: FOB US millUnit: USD per short tonPublication: Monthly, second Wednesday of the monthNotes: Raw materials surcharges included.
MB-STE-0056 Steel ERW standard pipe A53 Grade A import, cif Houston, $/short tonQuality: A53 grade A. 3.5-inch outside diameter x .216 wall thicknessQuantity: Min 100 tonsLocation: CIF Port of HoustonUnit: USD per short tonPublication: Monthly, second Wednesday of the monthNotes: Raw materials surcharges included.
These prices are a part of the Fastmarkets steel physical package.
The consultation period for this proposal will begin on Friday August 9 and end on Friday September 6, with changes taking place, subject to market feedback, from September 10. All short-term forecasts associated with these prices produced by the Fastmarkets research team, if any, will also be discontinued.
To provide feedback on this proposal to discontinue, or if you would like to provide price information by becoming a data submitter to these prices, please contact Mark Burgess by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Mark Burgess, re: large diameter line pipe or A53A standard pipe.”
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 https://www.fastmarkets.com/about-us/methodology.