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07 Feb
12:42

Russian steel consumption surged 7% in 2023: Severstal

Russia’s steel consumption increased in 2023 by 7% year-on-year to 46.3 million tonnes, Russian steelmaker Severstal estimates. The main drivers of Russia’s economic growth remain large-scale infrastructure projects and projects aimed at import substitution across all major sectors, with a primary focus on engineering and manufacturing, Kallanish hears from the company. Although the Russian economy experienced growth throughout 2023, the escalati…
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