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27 May
16:17

Severstal could decrease production volumes under sanctions

Russian steelmaker Severstal needs to reorient the direction of supplies in the face of sanctions against Russia and therefore cannot guarantee it will maintain production volumes, says majority owner Alexei Mordashov. “There are serious challenges for us related to the need to reorient supply lines and procurement channels in the context of sanctions. We cannot confidently say that we are maintaining production volumes,” Mordashov said at the All-Russ…
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