The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has slightly reduced its domestic rebar prices for September 2007 shipment.
The average price levels are as follows:
Product |
Change (Ruble/mt) |
Price |
10 mm |
-28 |
Ruble 19,880/mt ($775/mt) |
12 mm |
-4 |
Ruble 18,830/mt ($734/mt) |
14-16 mm |
-22 |
Ruble 18,364/mt ($716/mt) |
18-25 mm |
-22 |
Ruble 17,836/mt ($695/mt) |
28-40 mm |
-20 |
Ruble 17,242/mt ($672/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 = 25.64 Rubles