05
Nov
00:00
Russia's Evraz continues to oust non-profitable and non-core steel mills
Russia’s Evraz is continuing to divest its non-profitable and non-core assets, and has sold its Nizhnesaldinsky (NSMZ) steel plant, a subsidiary of the group’s Nizhny Tagil steelworks NTMK, a spokesperson confirms to Kallanish. The buyer is local company, Biznesinvest, which is expected to keep the mill running, and will source the necessary feedstock, including billet, from NTMK as part of a planned 2-year supply agreement with Evraz.
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Anonymous
Very good overview of the weekly steel market.
Anonymous