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13 Oct
16:30

Russian slab prices remain under pressure

Russian slab prices remain under pressure from stagnant flat steel values globally, market participants inform Kallanish. A new regulation aiming to stabilise the exchange rate and new export duty from October have impacted the position of Russian exporters significantly, say some market participants. Russian President Vladimir Putin issued a decree on Wednesday on the mandatory sale of currency by major exporters, including those in the metallurgical sector. Thi…
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