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13 Mar
19:43

Russia set to centralise ferrous pricing

Russia’s government looks set to introduce a national commodities and goods pricing regime as the country’s economy takes a hit from Western sanctions. Russian deputy industry and trade minister Evgeniy Evtukhov told steelmaker, trader and scrap procurement firm representatives during a 10 March meeting that domestic steel prices – which he cited at RUB 75,000/tonne ($558/t) – are unacceptably high and need to be lowered. The formula t…
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