Equipment and Technology Market for Steel Production
At the international conference "Equipment and Technology Market for Steel Production" held on October 20-22 in Kiev, the representative of Metal Expert Consulting has presented a report titled “Forecast of World Market of Ferrous Metals and Raw Materials Used in Their Production”.
The participants of the conference have been presented Metal Expert Consulting’s forecasts of the changes to happen in world markets of raw materials and an analysis of investments into ferrous metallurgy of the CIS states both in past years and in future.
The declared increase of steelmaking capacities in the CIS states is mainly due to the growth of electric steelmaking where scrap is used, while pig iron capacities are expected to grow by mere 2.6% (up 1.3 mt) in 2020-2013.
The segment of long products is an undoubted leader in the volume of investments. Apart from mills launched in Tyumen and Kaluga regions this year, other 15 (!) plants are planned to be put in operation in Russia.
Where investments should be made in the CIS steelmaking?
The most promising directions for investments in Russian metallurgy are:
- Complex and efficient processing of raw materials. This is the only way to keep one’s presence in raw material markets
- Manufacturing of products with high added value, focusing on sales to Russia and the CIS states.Ukrainehas a great potential for reducing costs, cutting exports of iron ore and increasing exports of steel products.
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