MMK adjusts flat prices for December

The Russian Magnitogorsk Iron and Steel Works (MMK) has adjusted its domestic prices for galvanized steel and flats with polymeric coating for December delivery. The domestic price for galvanized sheet decreased by Ruble 541/mt ($20), while that for galvanized coil decreased by Ruble 549/mt ($21). The domestic price for galvanized coil with polymeric coating increased by Ruble 323/mt ($12), while that of CR with polymeric coating decreased by Ruble 1,144/mt ($43) The average price levels are as follows:

Product                                 Price  

Galvanized sheet(GOST14918)             Ruble 25,301/mt ($949)
Galvanized coil (GOST14918)             Ruble 26,847/mt ($1,007)
Galvanized coil with polymeric coating  Ruble 33,311/mt ($1,250)
CR with polymeric coating               Ruble 27,246/mt ($1,022)

The above-mentioned price levels are only valid for delivery to the Ural, Siberian and Far East regions of Russia. All prices exclude VAT. Exchange rate: 1USD = Ruble 26.66