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Russia's Magnitogorsk Iron and Steel (MMK) has replaced procurement of iron ore from Kazakh-based Sokolov-Sarbai iron ore mining and beneficiation works (SSGPO) with Russian raw material after SSGPO ceased supplies, the steelmaker tells Kallanish. Having supplied MMK with iron ore for at least 25 years on a long-term formula-based contract, the Kazakh subsidiary of Luxembourg-headquarter Eurasian Resources Group (ERG) informed MMK in April of its intention to …
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