LNM Marketing increases Ispat Karmet prices in Russia

LNM Marketing increases Ispat Karmet prices in Russia

In a statement to SteelOrbis, LNM Marketing authorities expressed that they decided to make a price increase on its Ispat Karmet materials for Russia. According to such decision, prices on product basis will be increased at below levels, effective from March 2003:

product      increase

HR            $70/mt
CR           $100/mt
GP            $40/mt
TP            $80/mt 

Ispat Karmet's annual sales into the CIS amounts to a total of 800'000-1'000'000 mts of steel products. 400-500'000 mts of this amount is usually allocated to Russia.