26
Apr
15:51
Russia’s first-quarter steel consumption drops 2%: Severstal
Russia’s steel consumption decreased by 2% on-year in the first quarter, according to Russian steelmaker Severstal’s estimates.
The main impact was from the country's construction sector, where steel consumption decreased by 2% due to the weakening of purchasing activity in the end-user market against the backdrop of high interest rates, Kallanish notes.
Mechanical engineering however recorded a 9% increase due to growth in the production of autom…
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Anonymous
Very good overview of the weekly steel market.
Anonymous