The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has announced a downward adjustment to its domestic rebar prices for August 2007 shipment.
The average price levels are as follows:
Product | Change (Ruble/mt) | Price |
10 mm | -1,322 | Ruble 19,908/mt ($777/mt) |
12 mm | -1,666 | Ruble 18,834/mt ($735/mt) |
14-16 mm | -1,269 | Ruble 18,386/mt ($772/mt) |
18-25 mm | -847 | Ruble 17,858/mt ($697/mt) |
28-40 mm | -866 | Ruble 17,262/mt ($674/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 = 25.61 Rubles