03
Apr
14:52
Russian regulator proposes NLMK limits prices: reports
Russia’s Federal Antimonopoly Service (FAS) has proposed limiting the profitability of Russian steelmakers to the levels of 2019, as part of negotiations on a settlement agreement between the regulator and companies, according to reports.
NLMK believes dictated pricing will lead to a drop in production and tax payments, it writes in a letter sent to FAS, according to Russian newspaper Kommersant, which obtained a copy of the letter.
NLMK did not reply to K…
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Anonymous
Very good overview of the weekly steel market.
Anonymous