The turbulent situation of Russian steel! According to the Russian Steel Association, the domestic market of the country will see a 30% decrease in steel demand in 2022 (closure of automobile production lines) Major steel export markets, including #Mexico #Belgium #Taiwan #Turkey #Italy #US #Kazakhstan, which account for more than 70% of Russian steel exports, are also experiencing sanctions or falling demand. The alternative to Russia is to invade new markets by offering discounts … The distance between some markets and Russia is very long and it is necessary to penetrate it by offering a huge discount in the CIS FOB, which we are witnessing, and this is due to the FOB prices of rival countries. Russia has also had an adverse effect
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