Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also runs assets in Europe and the United States, expects steel demand to show a double-digit drop in home markets in the second quarter of 2020 and for the full year, the company said on Thursday April 30.
"In Russia, we expect a double-digit decline in steel consumption in May and June, with potential recovery starting in July," chief executive officer Grigory Fedorishin said in a conference call.Experts believe that a rebound in construction activity in Moscow could happen...