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08 Jun
15:00

NLMK to divert electrical steel sales to India following EU import duties

NLMK may redirect a portion of transformer steel sales from the European Union to India against the background of duties introduced by the EU on Russia-origin imports, says NLMK president Oleg Bagrin. He also sees the potential to increase sales volumes in Turkey, the Middle East and Southeast Asia. NLMK currently holds a 25% share of the Indian electrical steel market, supplying over 70,000 tonnes of the product annually to India. "There is an upside p…
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