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01 Feb

Russian steel consumption performs better than expected: Severstal

Russia’s steel consumption last year fell only by 3% on-year to 43.2 million tonnes, despite a number of negative forecasts voiced at the beginning of 2022, says Russian steelmaker Severstal in one of its reviews. All industries in the sector have demonstrated relative stability in the current environment, including through government support measures, the enterprise claims. The machine-building segment showed the largest decline, by 18% on-year due to th…
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