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25 Jan
14:59

Russian automotive, machine-building to counter construction slowdown: MMK

Russian steelmaker MMK foresees a potential impact on domestic steel product sales in the first quarter due to a seasonal downturn in construction activity and diminished customer inventories linked to elevated interest rates, Kallanish notes from the firm’s latest operational results. However, a resurgence in demand is anticipated towards the end of Q1 and the beginning of Q2 as customers are expected to start replenishing inventories amid rebounding c…
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