23
Oct
17:46
Severstal increases HVA products sales, reduces semis, ore
The Russian steel market is showing signs of recovery in 2023, driven by demand from the construction and machinery sectors. Demand is expected to grow by 6% year-on-year to 45.8 million tonnes, according to Severstal.
Construction steel consumption, particularly, is expected to increase by 7% y-o-y to 35.9mt, on increased budget spending and infrastructure construction, the Russian steelmaker says in its latest earnings report. Demand from the machinery sector is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous