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22 Jul
15:59

NLMK cuts production by 1mt, sees export difficulties

NLMK chairman Vladimir Lisin says the company's overall output fell by about 1 million tonnes in the first half of 2022. This is in line with earlier forecasts that Russian metallurgical enterprises will reduce output by 30-50% as a result of sanctions and the subsequent loss of export markets.  Lisin was answering questions at Wednesday’s regional Union of Industrialists and Entrepreneurs congress in Lipetsk, where NLMK's flagship steelworks re…
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