MMK ups export prices for Iranian market

There is a rumor in the market that the Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) increased its cold rolled and hot rolled export price offers to Iran by approximately $100/mt for its April production just before the start of the Iranian New Year (21.03.2007). However, because of the New Year holidays in Iran, more concrete information will only become available in one week's time when the holiday period is over.