Economic situation, steelmaking industry and steel product market of Russia
A conference entitled “Financial market instruments for business development of steel trading, processing and producing companies of Russia – 2013” took place in Moscow on January 24
Vladimir Terlovoy presented a report called “Economic situation, steelmaking industry and steel product market of Russia” at the conference.
The main points of the report are as follows:
- Steel output and steel product trade grew at slow rates globally in 2012, up 1.3% and 2% year-on-year respectively. World steel trade underwent marked changes in 2012 as regards geography and product range.
- China showed a steel production rise of 3.7%, half of which is due to an increase in net exports. Steel consumption in the country will most probably drop already in 2013 though, denting the situation in the global market for steelmakers’ and miners’ output.
- On the back of steel demand stabilization in China and other countries of the world, consumption in the Russian market for ferrous steels added 5% in 2012. At the same time, steel product imports to Russia grew by 7%. The structure of exports and the domestic market is going through big changes.
- In the medium term, steel consumption in Russia is expected to increase by 5-7% yearly and to exceed the global average substantially.
Complete presentation (in Russian) is available for downloading.
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