Tag: NLMK forecasts 23% drop in Russian steel exports in 2022

NLMK, one of the four largest steel companies in Russia, expects to see a 23% decline in exports of Russian steel in 2022, mainly of rolled products. The company also forecast a decrease in domestic steel consumption in 2022. Construction demand would drop by 13% to 27 million tonnes (mnt), and engineering by 25.4% to…