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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production decline
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Russian coal mines are collapsing under sanctions, yet Moscow is filling profit gap from occupied Ukrainian territories
Western sanctions demonstrate clear economic impact as Russian manufacturing contracts for three consecutive months.