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31 Jan
12:46

Russian steelmakers decrease investments, focus on import substitution

Russian steelmakers decreased investments in 2023, breaking a trend of continuously growing investment seen since the early 2000s, says Russian Steel Association executive director Alexei Sentyurin. Steelmakers invested a significant amount of money into development from 2000 to 2023, making it possible to increase the competitiveness of steel products and ensure demand from domestic industries is satisfied, Sentyurin notes. However, according to preliminary esti…
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