As per the release posted by MMK's official distributor, MMK intends to increase its steel product prices by the following margins:
Product group |
Rate of increase |
HR up to 16 mm |
21% |
HR 16.01-160 mm |
5-8% |
CR |
18% |
Galvanized steel |
10% |
Galvanized pre-painted steel |
7% |
CR pre-painted steel |
7% |
Meanwhile, MMK plans to increase its domestic rebar price by Ruble 2,000/mt ($85/mt) in May.