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07 Aug
14:46

Russia increases consumption amid construction sector growth: Severstal

Steel consumption in Russia in the first half of the year amounted to 23.19 million tonnes, against 21.51mt a year earlier, according to Severstal analysis. Consumption by the construction industry alone increased 11% on-year to 18.18mt, Kallanish notes. According to Severstal, the main drivers of metal consumption remain state support for the construction of social and commercial housing. Also contributing are warehouse real estate demand, and individual residen…
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