MMK decreases domestic flats prices for November

Monday, 03 November 2008 15:50:59 (GMT+3)   |  
The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has determined its domestic prices for flat rolled products for November.

The average prices are as follows:

Product

Change(Ruble/mt)

        Price

HR 2 mm

-3,150

Ruble 23,350/mt ($866/mt)

Plate 4-32 mm

-2,703

Ruble 24,617/mt ($913/mt)

Plate 32-50 mm

-1,950

Ruble 27,650/mt ($1,026/mt)

Plate > 50 mm

-1,950

Ruble 28,250/mt ($1,048/mt)

CR 0.5 mm

-1,500

Ruble 28,450/mt ($1,055/mt)

CR 1 mm

-1,450

Ruble 27,250/mt ($1,011/mt)

The above price levels are only valid for delivery to the Ural, Siberian and Far East regions of Russia. The prices exclude VAT.

Product

Change(Ruble/mt)

        Price

HR 2 mm

-5,187

Ruble 24,613/mt ($913/mt)

Plate 4-32 mm

-5,413

Ruble 25,087/mt ($931/mt)

Plate 32-50 mm

-6,133

Ruble 27,697/mt ($1,027/mt)

Plate > 50 mm

-6,230

Ruble 28,270/mt ($1,049/mt)

CR 0.5 mm

-4,105

Ruble 30,075/mt ($1,116/mt)

CR 1 mm

-4,037

Ruble 28,843/mt ($1,070/mt)

These latter price levels are only valid for delivery to the Volga and North Caucasus regions of Russia. The prices include VAT.

Exchange rate: 1 US Dollar = 26.96 Rubles

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