The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic rebar and wire rod prices for August.
The average price levels are as follows:
Product |
Change (Ruble/mt) |
Price |
Rebar 12 mm |
+280 |
Ruble 35,250/mt ($1,502/mt) |
Rebar 14-40 mm |
+50 |
Ruble 35,650/mt ($1,519/mt) |
Wire rod 6.5 mm, 8 mm |
-40 |
Ruble 34,760/mt ($1,481/mt) |
The above price levels are only valid for delivery to the Volga and North Caucasus regions of Russia. The prices include VAT.
Exchange rate: 1 US Dollar = 23.477 Rubles