Ilyich raises HR domestic prices

The Ukrainian steelmaker Ilyich Iron and Steel Works of Mariupol (Ilyich) increased its domestic prices for various hot rolled products as of March 23, 2007. The new price levels are as follows:

Product              Rate of Increase            Price  
 
HRC 2 mm              UAH 100/mt                 UAH 2,775/mt ($552)
HRC 2.5-8 mm          UAH 100/mt                 UAH 2,720/mt ($541)
Plate 8-30 mm         UAH 100/mt                 UAH 3,080/mt ($613)
Shipbuilding plate    UAH 175/mt                 UAH 3,185/mt ($633)
Plate 30-100 mm       UAH 100/mt                 UAH 3,530/mt ($703)
Plate > 100 mm        UAH 105/mt                 UAH 3,710/mt ($739)

Ilyich's domestic prices for cold rolled and galvanized products have remained at the previous levels. All prices exclude VAT and are on a 100 percent pre-payment basis. Exchange rate: USD 1 = UAH 5.024