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07 Jun

Russia’s steel consumption to grow by 3-5%: association

Russia recorded in 2023 its highest annual steel consumption so far of the 21st century, amounting to more than 46 million tonnes, according to the Russian Steel Association. “At the same time, in 2021, the volume of production of finished steel products by the domestic industry amounted to 70mt,” it notes. This indicates how important exports have been for absorbing output. The association does not indicate 2023 production volume. Worldsteel estimates…
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