The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has reduced its domestic rebar prices and issued new domestic wire rod prices for October 2007 shipment.
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
Rebar 10 mm | -2,066 | Ruble 17,813/mt ($713/mt) |
Rebar 12 mm | -1,545 | Ruble 17,285/mt ($692/mt) |
Rebar 14-16 mm | -2,134 | Ruble 16,230/mt ($650/mt) |
Rebar 18-25 mm | -2,166 | Ruble 15,670/mt ($628/mt) |
Rebar 28-40 mm | -2,195 | Ruble 15,047/mt ($603/mt) |
Wire rod 6.5 mm | - | Ruble 15,517/mt ($621/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 = 25.64 Rubles