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Deformed steel bar prices slide in Russian domestic market– 16 Aug 11

Recently, the transaction prices of deformed steel bar in Russian domestic market have slid to US$760~US$790/ton recently, down by US$40/ton from US$800~US$840/ton in the end of August, industry sources indicated.
It’s analyzed that the decline was caused by the delay of some construction projects and the uncertainty in global economy.
Meanwhile, Russia’s deformed steel bars are mainly supplied by Magnitogorsk Iron and Steel Works (MMK), Severstal, Novolipetsk Steel (NLMK) and Revyakino Metal-Rolling Plant.
( Source: www.yieh.com )
Aug 16, 2011 10:57
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