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Import substitution prospects for Russian coated steel market


The IX International conference “Galvanized and painted steel – 2014” took place in Moscow on March 20-21. Director of Metal Expert Consulting Andrey Baev gave a report “Import substitution prospects for Russian coated steel market” at the conference.

The key issues in the report:

– If all the announced projects are implemented, galvanized steel production capacities will add 400,000 t in Russia by 2020, painted steel capacities – by 750,000 t;

– The lack of domestic capacities and substantial import share will still likely be observed. The average yearly increase in the Russian coated steel market is estimated at 2%;

– Construction industry will stay the main consumer that may show a bigger rise, the subsegment of light steel structures is the most promising. Demand from carmakers is another possible point of increase;

– The share of galvanized low-alloyed steel may enlarge, more expensive coatings may account for more of consumption too. Also, consumption of aluminium galvanized steel may increase (in production of household appliances, in construction), the share of strong steels and cold-drawing steels may grow.

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