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05 Jul
11:55

Russia reduces steel output amid low demand: minister

Russian steelmakers reduced production in June, says the Russian industry and trade minister Denis Manturov. “The reduction in production in the metallurgical industry fell by 25% compared to April,” he told Russian state television during the Innoprom international exhibition. “Steel enterprises are reducing the volume of production amid low demand, and we are now seeing the consequences. This decrease, coupled with a 30% decline in prices …
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