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05 Jun
15:06

Russian steel consumption to grow 1-2% annually: Severstal

Steel consumption in Russia will grow by approximately 1-2% annually over the next five years, but higher rates are also possible, says Severstal chief executive Alexander Shevelev. “This is a historical record figure for Russia, a good basis for further growth,” he tells Russian state agency TASS. “If the country’s GDP will grow as predicted, it will support an increase in steel consumption. At the same time, the pace could be even faster …
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