Until 2022, Russia was heavily reliant on Europe for supplies of metallurgical and machine-building equipment. In 2021, Russian enterprises purchased approximately $1 billion worth of such equipment, including $700 million from EU suppliers.

The main suppliers of metallurgical equipment were SMS Group (Germany), Danieli (Italy) and Primetals Technologies (headquartered in London).

In 2022, a shift in trend was observed. In light of the recent ...

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