MMK adjusts domestic rebar prices for August

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