Product Rate of decrease Price HR Ruble 136/mt (approx.$5) Ruble 18,176/mt (approx.$679) CR Ruble 81/mt (approx.$3) Ruble 18,454/mt (approx.$689)The above price levels are only valid for shipments to the Ural, Siberian and Far East regions of the Russian Federation. All prices exclude VAT. Exchange rate: 1 USD = Ruble 26.76
MMK decreases flat rolled prices for October
The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has decreased its flat rolled domestic prices for October shipment. The domestic price for HR decreased in average by 1 percent depending on the region and material's specifications. The domestic price for CR decreased in average by 0.5 percent depending on the region and material's specifications. The average price levels are as follows: