EconomySeverstal expects Russian metal consumption to fall 0.5% this year
Severstal has revised its forecast for Russia’s 2026 metal consumption decline from 7% to about 0.5%. CEO Alexander Shevelev said demand rose roughly 1% year on year in the first nine months, leaving the market below pre-downturn levels; the company expects seasonal cooling in the fourth quarter.
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TASS★★☆☆☆2026-10-20 15:25Original
Severstal expects Russian metal consumption to fall 0.5% this year