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05 Dec
16:03

Mordashov eyes Russian construction increased steel fabrication use

Russian steelmakers remain in a complicated and uncertain situation, calling for the expansion of domestic steel consumption, as sanctions are curbing exports, steelmaker and miner Severstal's chief executive and majority shareholder Alexey Mordashov told the "Russian Industrialist" forum in Saint-Petersburg last week. Russian steelmakers produce around 70 million tonnes/year of steel, while domestic consumption is around 40mt, making exports a natur…
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