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Severstal looking to raise sales in domestic market
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The domestic steel industry in Russia has been developing at a fast pace recently. Foreign investment in the industry has been on the rise as well. This has resulted in a rise for rolled steel. As a result, one of the biggest Russian steel mills, Severstal is intending to spend more than US$3 billion to improve their quality and develop new products. The company wants to increase the domestic sales of rolled products to at least 65 percent of the local market. (Mar. 30)
News Date
3/30/2006 5:17:13 PM
reported by
Thomas Sheer
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