MMK adjusts local angle, channel bar prices for August

Russian Magnitogorsk Iron and Steel Works (MMK) corrected the domestic prices for angle and channel bar for delivery in August. According to the new price list, the domestic price for angle rose Ruble 220-300 (approx. $9.7) per metric ton, depending on class and destination, while the domestic price for channel bar rose Ruble 250-320 (approx. $10.6) per metric ton, depending on class and destination. The new prices will come into effect from August 1, 2006.