Russia’s MMK to hike HRC, CRC prices by $20-30 for February rolling

Russian steelmaker Magnitogorsk Iron & Steel Works (MMK) is to hike its prices for February-produced hot and cold rolled coil (HRC and CRC) by $20-30 per tonne.

The comes in response to rising iron ore prices, a company source told Steel First.

Spot iron ore prices jumped another $5 on December 31 from the seven-month high of $141.23 reached on December...


Nadia Popova

December 31, 2012

12:53 GMT