The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic rebar and wire rod prices for May
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
Rebar 10 mm | +2,550 | Ruble 26,150/mt ($1,104/mt) |
Rebar 12 mm | +3,900 | Ruble 25,500/mt ($1,076/mt) |
Rebar 14-40 mm | +3,950 | Ruble 25,150/mt ($1,061/mt) |
The above prices are only valid for shipments to the Ural, Siberian and Far East regions of Russia. The prices exclude VAT.
Product | Change (Ruble/mt) | Price |
Rebar 12 mm | +3,620 | Ruble 28,050/mt ($1,184/mt) |
Rebar 14-40 mm | +3,610 | Ruble 27,670/mt ($1,168/mt) |
Wire rod 6.5 mm, 8 mm | +3,750 | Ruble 27,050/mt ($1,141/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 = 23.7 Rubles