Magnitogorsk Iron & Steel Works PJSC Sponsored GDR Reg S
Nov 2020 – Jan 2021: Metallurgical Raw Materials Markets Dynamics In Russia And The World
In the global raw materials markets in Q4, price changes are very volatile along with prices for metal products and currency exchange rates, without showing a clear trend. Until the end of 2020, volatility is expected to decrease but still remain. At the end of the year, we expect iron ore indexes to be lower than current levels, and prices for coking coal and scrap in Turkey to be slightly higher. In Russia, raw material prices will remain almost unchanged and remain at historically high levels in rouble terms.
