The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has reduced its domestic rebar and wire rod prices for November 2007 shipment.
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
Rebar 10 mm | -1,813 | Ruble 15,000/mt ($607/mt) |
Rebar 12 mm | -2,968 | Ruble 14,317/mt ($579/mt) |
Rebar 14-40 mm | -1,719 | Ruble 13,930/mt ($564/mt) |
Wire rod 6.5 mm | -1,680 | Ruble 13,837/mt ($560/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 = 24.71 Rubles