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16 Apr
13:40

Russian steelmakers increase investments despite Covid-19: association

Russian steelmakers increased investments in fixed assets in 2020, despite the crisis associated with the Covid-19 pandemic and consequent strict restrictive measures, says the Russian Steel Association. The steel industry managed to reach an investment figure of RUB 279 billion ($3.67 billion), which is 43% higher than the peak in 2008, Kallanish notes. Since the beginning of the century, investments in fixed assets at steel companies have thus amounted to RUB 2.…
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