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04 Jun
13:30

Positive impact of rouble devaluation 'exhausted', says MMK

Russian steel producers have now “exhausted the positive impact” of the rouble devaluation, MMK chief executive Pavel Shilayev told delegates at this week’s 13th Moscow Steel Summit monitored by Kallanish. This is because countries importing Russia-origin steel have introduced a wide range of protectionist measures. Surplus steelmaking capacities will also have a negative impact on the Russian and global steel markets in the medium term, sa…
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