MMK announces rebar prices for December

The Russian Magnitogorks Iron and Steel Works (MMK) has announced its domestic rebar prices for December shipment. The average price levels are as follows:

Product                                 Price 

Rebar 8-10mm (coil)                     Ruble 16,863/mt ($632)
Rebar 12mm (coil)                       Ruble 15,387/mt ($577)
Rebar 10mm                              Ruble 19,643/mt ($737)
Rebar 12mm                              Ruble 17,753/mt ($666)
Rebar 14mm                              Ruble 15,960/mt ($599)
Rebar 16mm                              Ruble 15,810/mt ($593)
Rebar 18-25 mm                          Ruble 14,898/mt ($559)
Rebar 28-40 mm                          Ruble 14,405/mt ($540)

The above-mentioned prices are only valid for shipments to the Ural, Siberian and Far East regions of Russia. All prices exclude VAT. Exchange rate: 1 US Dollar = 26.667 Rubles