“Such a dynamics of prices coincides with our expectations and again emphasizes that the“ cyclic bottom ”in the Russian steel industry has not yet been passed. We believe that by October, the quotes of metal rolling can lose even 5%, which is especially negative for Severstal and MMK: both companies have a large orientation to the Russian market (over 80% of sales)
Prices for steel in Russia fell again and updated the annual minimum
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Azovpromstal® 9 September 2025 г. 18:00 |
