Russian metallurgical plants have raised prices for rolled metal

On March 7, the TMK and UMMC plants joined the reports on the increase in prices for metal products previously received from Severstal, NLMK and MMK.

The Pipe Metallurgical Company (TMK) has increased prices by 5-10 percent depending on the type of rolled metal, and the base enterprise of the iron and steel industry of the UMMC Group Metzavod named after AK Serov announced an immediate rise in prices by 3 percent.

All metallurgical companies in the Russian Federation explain their decision by the rise in prices for feedstock and the devaluation of the ruble against major world currencies.