24
Apr
14:14
Severstal warns of decreased steel demand in Russia
Russian steelmaker and miner Severstal says it expects domestic demand for steel to fall further due to a decline in Russian economic growth and tightening of measures to counter Covid-19.
The anticipation of an economic slowdown and weaker steel demand led to a negative steel price dynamic starting from March, although prices are still significantly higher than costs, the company says in a report seen by Kallanish.
The rouble devaluation and seasonal slowdown in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous