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05 Oct
14:50

Asia/Mid-East capacity growth impedes Russian export redirection: report

The growth of steel production capacities in Asia and the Middle East will make it difficult for Russian steelmakers to reorient their exports from Europe to the east, according to the latest version of Russia’s 2030 steel strategy. These capacities reduce the ability of Russian exporters to redirect export flows in the future from traditional US and EU markets to eastern markets, reports Russian newspaper RBC, which says it has a copy of the document. Russ…
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