Critical Reasoning (CR) | Re: Last year, the government of country A imposed large tariffs on steel

HelloGMATNinjaTwo ,souvik101990 ,abhimahna

I have few questions in regard to this question. I would request your feedback on this.
So two statements that help you eliminate 3 choices.

Many Domestic Steel Producers enjoyed a record profit
Foreign Steel producers were in many cases unable to compete effectively.

With "MANY" being the keyword . Many means a lot of , a large no.

Here what does many mean ( how should i understand this in quantifiable terms Like Most mean more than