MMK sets domestic flats prices for February

The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has announced its flat rolled products domestic prices for February 2007 shipment. As per the new price list, MMK maintained its flat rolled domestic prices for February 2007 at the January 2007 levels. Accordingly, the domestic average price for HR retained the level of Ruble 17,024($640)/mt, while CR stands at Ruble 17,619 ($663)/mt. The prices are only valid for shipments to the Ural, Siberian and Far East regions of Russian Federation. All prices exclude VAT. Exchange rate: 1 USD = 26.6 Ruble