07
Apr
01:00
Russia's Severstal, OMK and Mechel halt investments
Between them, Russia’s Severstal, OMK (United Metallurgical Co) and Mechel account for six key steel investment projects that have recently been put on hold, or indefinitely delayed because of the country’s current economic difficulties. Industry representative Russian Steel also blames falling steel demand at home, a weaker lending environment, and heavy debts at some of the companies, such as Mechel (see associated article).
At Chelyabinsk (ChMK)…
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Anonymous
Very good overview of the weekly steel market.
Anonymous