The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic indicative prices for its basic steel products for the month of March 2011:
Product |
Price |
Rebar 12 mm |
Ruble 21,510/mt ($738/mt) |
Angle 50 mm |
Ruble 21,570/mt ($740/mt) |
HR 4 mm |
Ruble 23,150/mt ($794/mt) |
Plate 20 mm |
Ruble 24,950/mt ($856/mt) |
CR 1 mm |
Ruble 26,010/mt ($892/mt) |
Galvanized 0.55 mm |
Ruble 28,090/mt ($963/mt) |
The above price levels are valid for delivery to the Central Federal District of Russia, excluding VAT, with delivery terms of FCA Magnitogorsk, by truck, excluding commercial extra payments.
Exchange rate: US$1 = Ruble 26.155