During the last few years, the Commonwealth of Independent States (CIS) has positioned itself as a key player in the global steel industry. Moreover, countries like, Russia, Ukraine has positioned themselves as dominant forces in the global steel industry. Steel consumption throughout the region has increased sharply mainly on the back of growing demand from the construction industry. The proximity with other European countries and low production costs enormously benefited these countries and Russia being the largest reservoir of iron ore and steel plants, utilized the opportunities with ease.
According to our research “Russian Steel Industry Analysis”, steel production in Russia has expanded rapidly during the past few years, on the back of sufficient raw material supply, growing investment in Greenfield projects, domestic & export demand, cheap & reliable gas & energy supply. The economic slowdown had its moderate negative effects on the steel demand-supply mix. The production registered a year on year decline of 12.6% and consumption also significantly dropped. However, the industry posted strong recovery in 2010 and overall growth was encouraging. Steel production, which is anticipated to grow at CAGR of 7.2% during 2010-2014, will position Russia as a prominent steel export hub in the world.
Our analysis of the competitive landscape suggests that, the steel supply sector has expanded with the influx of regional players. In the present post recession scenario, steel manufacturers are executing their capacity expansion plans, which were put on halt during recession period. To sustain their growth, traders are striving hard to provide quality steel on demand at competitive prices, which is ultimately benefiting the consumer.
The report “Russian Steel Industry Analysis”, identifies the rising importance of the Russian steel industry potentials and its future outlook. The study assesses the present status of Russian steel industry and identifies opportunities existing in the market. The report thoroughly investigates the current market trends, evolving markets, and growth prospects of the industry. The report, through its rational forecasts, outlines the future direction of the market. The report also facilitates steel demand forecasts in various vertical industry segments including, automobile, construction, energy, etc. Besides, steel demand analysis and forecasts have been covered for various product segments including flat, long, tubes, etc.