The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic rebar and wire rod prices for January 2008 shipment.
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
Rebar 10 mm | - | Ruble 15,000/mt ($615/mt) |
Rebar 12 mm | - | Ruble 14,317/mt ($586/mt) |
Rebar 14-40 mm | - | Ruble 13,930/mt ($571/mt) |
Wire rod 6.5 mm | - | Ruble 13,837/mt ($567/mt) |
The above prices are only valid for shipments to the Ural, Siberian and Far East regions of Russia.
All prices exclude VAT.
Exchange rate: 1 US Dollar = 24.4 Rubles