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26 Apr
15:19

Russian longs mills prioritise domestic market

Russian steelmakers continue focusing mainly on the domestic market, pushing for more rebar price increases amid shrinking local consumption and limited exports. Difficulties continue with receiving payments in the case of sales outside the CIS, market participants inform Kallanish. Steel consumption in Russia decreased by 2% in the first quarter, primarily attributed to the situation in the country’s construction sector (see separate story). On Friday, the…
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