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16 Jun
17:12

Russia demand grows but EU duty threat looms

Russian steel demand should grow by up to 2% on-year in 2017 as the economy starts to recover after a two-year recession, according to Moody’s. Gdp growth of 1.5% will translate into stronger consumer confidence and consequent higher business activity and steel demand. However, the construction industry recovery will take time. Moody’s expects that both steel and raw materials prices will continue to be volatile in the foreseeable future, with recent…
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