MMK increases May prices

Magnitogorsk Iron and Steel Works (MMK), the largest Russian steelmaker, will raise its prices on some products starting from May. In particular, rebar price will increase 6 percent. Flat rolled products will gain 2.5 percent in average, especially HR sheet and CR sheet, which will add to a less extend about 2 percent. The price for galvanized coil and sheet will remain unchanged.