The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic rebar and wire rod prices for September.
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
Rebar 12 mm | -3,290 | Ruble 31,960/mt ($1,294/mt) |
Rebar 14-40 mm | -4,220 | Ruble 31,430/mt ($1,274/mt) |
Wire rod 6.5 mm, 8 mm | -3,640 | Ruble 31,120/mt ($1,261/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 = 24.68 Rubles