The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has announced a downward adjustment to its domestic rebar prices for July 2007 shipment.
The average price levels are as follows:
Product |
Change (Ruble/mt) |
Price |
10 mm |
-610 |
Ruble 21,230/mt ($819/mt) |
12 mm |
-378 |
Ruble 20,500/mt ($791/mt) |
14-16 mm |
-575 |
Ruble 19,655/mt ($758/mt) |
18-25 mm |
-549 |
Ruble 18,705/mt ($721/mt) |
28-40 mm |
-532 |
Ruble 18,128/mt ($699/mt) |
The above 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 = 25.92 Rubles