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7th March 2022

March Blog – Steel Market Update

BLOG

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 […]

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