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19 Jul
11:06

Severstal says 'optimistic' on EU sales following tariff

Severstal is “…quite optimistic” it will continue deliveries to the EU following the bloc’s imposition this week of 25% tariffs on imports exceeding a global quota, the Russian steelmaker’s chief financial officer, Alexey Kulichenko, said during a conference call. Domestic EU steel prices are likely to rise following the tariff imposition, which will – like in the US after 232 tariffs were introduced – allow foreign sup…
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