19
Oct
14:35
Russia demand contraction to deepen, Ukraine to recover
Despite heavy sanctions being imposed on Russia, steel demand in the country is expected to contract by less than what was forecast at the beginning of the Ukraine war. This is mainly due to high oil prices and government support measures for construction, says worldsteel.
“However, the automobile and machinery sectors have seen a deep contraction due to their high dependence on imported parts and components,” worldsteel director general Edwin Basson s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous