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10 Nov

Fourth-quarter activity supports price growth: NLMK

Global demand for steel may increase by 4% on-year in 2021 after declining -2% in 2020, says NLMK vice president for sales Ilya Guschin says. Russian demand is expected to fall -6-7% this year, and rise 4-5% in 2021, he adds. Based on every 1% of GDP change altering apparent demand by 2-3%, this year's projected -4% fall in GDP may lead to just a -2% demand fall due to China's continuous growth. There is a general consensus that business activity in the cu…
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