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7th March 2022

March Blog – Steel Market Update


Steel Market Update   On 28th February 2022, all major steel mills, including Tata, SSAB, Thyssen and NLMK, immediately closed their order books. The reasons put forward included: • Soaring gas and oil prices • Sanctions having been placed on Russia • Metinvest suspending operations at two mills, which produce 40% of Ukraine’s steel. (Both […]