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17 May
14:11

Ukraine war to cost Duferco $20-25m: Bolfo

Bruno Bolfo, president of the holding that controls steel trading company Duferco, says there will be significant impact on the steel business as a result of the Ukraine war. The executive notes that Duferco is reorganising, taking into account business with Russia is no longer possible and supply from Ukraine will continue to be disrupted by the war. “We calculate that the impact for our operations will be a loss of margins worth $20-25 million within stee…
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