16
Aug
15:16
Russia machinery, construction consumption offset energy decline: Severstal
Severstal is observing positive trends in nearly every steel consuming segment in Russia. This includes a boom in the individual housing construction market, increased production programmes by major automakers, and a rise in deliveries to gas companies after several quiet quarters in the sector, Kallanish notes.
However, the steelmaker expects the situation to remain uncertain for the rest of the year, considering factors such as the rise in the key interest rate,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous