The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has issued its domestic prices for rebar, wire rod, angles and channels for the month of November.
The average price levels are as follows:
Product |
Change (Ruble/mt) |
Price |
Rebar 12 mm |
-6,528 |
Ruble 16,930/mt ($628/mt) |
Rebar 14-40 mm |
-6,286 |
Ruble 16,770/mt ($622/mt) |
Wire rod 6.5 mm, 8 mm |
-5,520 |
Ruble 17,480/mt ($648/mt) |
Angle 40 mm |
-7,781 |
Ruble 20,083/mt ($745/mt) |
Angle 45-70 mm |
-7,772 |
Ruble 19,345/mt ($718/mt) |
Angle 70-125 mm |
-4,650 |
Ruble 22,966/mt ($852/mt) |
Channel 5-6.5 mm |
-6,832 |
Ruble 19,954/mt ($740/mt) |
Channel 8-10 mm |
-7,218 |
Ruble 19,368/mt ($718/mt) |
Channel 12-16 mm |
-4,079 |
Ruble 22,921/mt ($850/mt) |
Channel 18 mm |
-4,088 |
Ruble 23,168/mt ($859/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 = 26.96 Rubles