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Russian stainless steel finished steel output down 7% in Q1

In the first quarter this year, the production of stainless steel finished steel in Russia decreased by seven percent year on year to 23,220 mt, according to Russia-based SpetsStal Association.

The decline in production was primarily due to the low business activity of end-users. It is also reported that end-users cannot find resources to replenish their stocks even during sharp rises in prices.

Source – SteelOrbis

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