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Novolipetsk buys Moscow region scrap recycling firm

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(RUS) – Russian steel company Novolipetsk Steel (NLMK) announced that it had acquired Moscow-based scrap recycler LLC VMI Recycling Group for $28.4m (€17.8m) in late October. With a total processing capacity of up to half a million tonnes of ferrous scrap a year, VMI would make Novolipetsk’s steel-making ...

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