CherMK announces increase of rolled metal prices

The Cherepovets metallurgic plant, one of the largest integrated steel-smelting plants in the world (a part of Severstal Russian steel), has announced an increase of the price of finished rolled metal, made in February, by 3-10%.

In particular, the growth of the prices will be 5% for hot-rolled sheets, 6-10% for hot-rolled plates, 4% for cold-rolled metal, 4% for galvanized rolled metal, 3% for pre-painted galvanized iron and 3% for bar section. The increase is caused by improvement of price conditions on the global market and depreciation of the ruble against the background of low prices in Russia.