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29 Mar
18:38

Severstal reduces domestic flats prices

Russia's Severstal has reduced its prices of flat steel offered in the domestic market just before the start of the construction season, the integrated steel maker and miner announces. The offer prices have been reduced by between -2.7% to -6.2%, depending on the product type, with effect from 29 March, the company says in a statement seen by Kallanish. Severstal is reducing its ruble-denominated prices for main product groups, despite some pressure on pr…
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