Magnitogorsk Iron and Steel Works of
Russia (
MMK) adjusted the domestic
rebar prices for August.
The prices for
rebar for the domestic users were raised by Ruble 1,450 per ton (approx. $53.8) on average depending on the region and type of
rebar.
The rise in the
rebar prices may be in the connection with the strong demand from
construction sector in the Russian domestic market.
1USD = 26.9700 Ruble