The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) plans to further increase its steel prices for the domestic market in July.
As per the release posted by MMK's official distributor, MMK intends to increase its steel product prices by the following margins:
Product group | Rate of increase |
HR up to 16 mm | 6% |
CR | 4% |
Galvanized steel | 8% |
Galvanized pre-painted steel | 3% |
Angle, channel | 3% |
5% |