Once pillar of Russian might, steel sector employing 700,000, now reels under lost export under sanctions
Key steelmakers report steep declines: MMK’s steel output down 18%, TMK’s pipes down 22%, and Mechel sales off 11%.
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metallurgy
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Sanctions bite: Russian steel output collapses to lowest point since invasion
The metallurgy sector’s worst performance since Putin launched his invasion signals mounting strain on Russia’s military-industrial capacity.
What assets did Russia’s puppet republics seize from Ukraine? Full list
On March 1, so-called LNR ("Luhansk People's republic") grabbed 3 coal companies owned by Ukrainian tycoon Rinat Akmetov:…