MMK prices in China

SteelOrbis has learnt that the local China market trading price of Russian mill MMK-origin 08YU grade hot rolled coils is RMB 4,650/mt ($589/mt) for 1.5 mm, RMB 4,450-4,500/mt ($563-570/mt) for 1.78 mm and RMB 4,400/mt ($557) for 2.0 mm. Meanwhile, the price of 08YU grade cold rolled coils of the same origin is RMB 5,200-5,250/mt ($658-665/mt) for 0.5 mm and RMB 4,900-5,000/mt for 0.6 mm. The importation cost of hot rolled coils is calculated as $440-465/mt C&F, while that of cold rolled coils is calculated as $490-525/mt C&F.