The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic rebar and wire rod prices for July.
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
Rebar 12 mm | +2,470 | Ruble 35,970/mt ($1,535/mt) |
Rebar 14-40 mm | +2,450 | Ruble 35,600/mt ($1,519/mt) |
Wire rod 6.5 mm, 8 mm | +2,615 | Ruble 34,800/mt ($1,485/mt) |
The above price levels are only valid for delivery to the Volga and North Caucasus regions of Russia. The prices include VAT.
Exchange rate: 1 US Dollar = 23.44 Rubles