10
Feb
15:09
TMK, Gazprom revise LDP price calculation formula
Russian pipemaker TMK and local gas major Gazprom have agreed to revise the formula for calculating the price of large diameter pipes (LDP), TMK says in a statement seen by Kallanish.
The revised price formula for LDP price calculation will include the cost of raw materials, the cost of production and transportation of steel plates, and the cost of LDP manufacturing. It also stipulates indexation of prices, depending on inflation and foreign exchange rate fluctu…
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Anonymous
Very good overview of the weekly steel market.
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