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14 Jun
14:37

NLMK also predicts decline in Russian steel output

Another leading Russian steel company, NLMK, has acknowledged that Russia is reducing production due to sanctions against the country after it invaded Ukraine, it tells Kallanish. "Taking into account the analysis of indicators for the first quarter of 2022 and the dynamics of the ferrous metallurgy market at the beginning of the quarter, it is expected that the decrease in [2022] production volumes of Russian ferrous metallurgy enterprises may amount to more…
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