INSUBCONTINENT EXCLUSIVE:
market experts told the newspaper that ArcelorMittal resumed deliveries on June 10 and has so far supplied Russia with more than 77,000
metric tons of steel.ArcelorMittal has traditionally sent steel to Russia direct from its plant in Kazakhstan, where it is sold at a reduced
rate due to lower production costs and the relatively short transport distances between the two countries.These favorable terms hurt the
Steel Association said that Russia produced 2.3% less steel in January-May 2022 compared to the same period last year.Russian steelmaker
NLMK forecast its output to drop by 15% in 2022.
