MMK increases its galvanized steel domestic prices for March

The Russian Magnitogorsk Iron and Steel Works (MMK) has increased its domestic prices for galvanized steel by on average two percent for March 2007 delivery. The average price levels are as follows:

Product                                    Price  

Galvanized sheet (GOST14918)            Ruble 25,202/mt ($954/mt)
Galvanized coil (GOST14918)             Ruble 26,744/mt ($1,022/mt)

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: 1 US Dollar = 26.41 Rubles