MMK raises structural steel prices for September

Russian Magnitogorsk Iron and Steel Works (MMK) adjusted its structural steel domestic prices for September shipment. The domestic price for angle rose in average by 2 percent depending on the region and material specifications. The domestic price for channel bar rose in average by 1.2 percent depending on the region and material specifications. The average price levels are as follows:

Product              Rate of increase            Price  

Angle st3sp/ps       Ruble 283/mt(approx.$11) Ruble 13,911/mt(approx.$519)

Angle 09G2S          Ruble 299/mt(approx.$11) Ruble 16,509/mt(approx.$616)

Channel bar st3sp/ps Ruble 181/mt(approx.$7)  Ruble 14,910/mt(approx.$556)

Channel bar 09G2S    Ruble 203/mt(approx.$8)  Ruble 17,504/mt(approx.$653) 

The above price levels are only valid for shipments to Ural, Siberia and Far East regions of Russia. All prices exclude VAT. Exchange rate: 1USD = Ruble 26.8