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MMK - Magnitogorskiy Metallurgicheskiy Kombinat PAO News Story

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Sector
Basic Materials
Size
Large Cap
Market Cap £6.56bn
Enterprise Value £6.67bn
Revenue £7.66bn
Position in Universe 155th / 1805

Russian government mulls measures to tackle metal products prices rise

MOSCOW, April 28 (Reuters) - The Russian government has
proposed looking into a raft of measures in order to tackle
excessive rises in prices of metal products, a spokesman for
First Deputy Prime Minister Andrei Belousov said on Wednesday.
    He said that the possible measures include "a possibility of
market-based regulations of prices" including by way of setting
up inventories of metal products for further pricing
interventions.  
    He added that the prices for metal products, such as pipes,
steel bars and sheet metal, jumped by some 30% in late 2020 -
early 2021.

 (Reporting by Darya Korsunskaya; writing by Vladimir Soldatkin;
Editing by Chizu Nomiyama)
 ((vladimir.soldatkin@reuters.com; +7 495 775 12 42;))
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