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Price notice: Wire rod consultation ends

Dec 10, 2018 | 01:49 PM | New York | Patrick Fitzgerald

Tags  steel rod, wire rod, cold-heading quality wire rod, CHQ wire rod, rod prices, US rod, pricing notice, steel prices


Fastmarkets AMM has ended the consultation period for proposed changes to the specifications and frequency of its wire rod price assessments, and will be announcing the results of feedback on Monday December 17.

Previously, Fastmarkets AMM proposed to change its cold-heading quality (CHQ) rod price to a North American delivered duty paid (ddp) Great Lakes region price from a US fob mill price, and to change its pricing schedule. Fastmarkets AMM also proposed to discontinue its assessment of mesh-quality wire rod. Both notices were originally published on October 11. 

Fastmarket AMM’s current specification for CHQ rod is as follows:

Cold-heading quality wire rod
Currency and Unit: US dollars per hundredweight
Location: USA
Basis: fob mill
Frequency: Twice a month, second and fourth Wednesday
Price Type: Assessment
Quality: Between 0.22% and 0.45% carbon content
Gauge: 7/32 to 3/8 inch outside diameter
Typical lot size: 100 tons
Raw Material Surcharges: Included

The proposed price specification is as follows, with changes highlighted in bold:

Cold-heading quality wire rod
Currency and Unit: US dollars per hundredweight
Location: North America
Basis: delivered duty paid (ddp) Great Lakes region
Frequency: Once a month, third Friday

Price Type: Assessment
Quality: Between 0.22% and 0.45% carbon content
Gauge: 7/32 to 3/8 inch outside diameter
Typical lot size: 100 tons
Raw Material Surcharges: Included

Fastmarkets AMM has no financial interest in the level or direction of the assessment.

If you would like to provide price information by becoming a data submitter to this price, please contact Nat Rudarakanchana by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Nat Rudy, re: domestic wire rod.

To see all of Fastmarket AMM’s pricing methodology and specification documents, click here.


 

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