21
May
01:00
Russia steel industry seen recovering in 2016 after auto and construction shrink this year
Russia’s steel industry will see a recovery in 2016 after a challenging year in 2015. Weaker performance in the domestic automotive and construction sectors will negatively impact steel consumption, but will also lead to a reduction in imports. This is according to NLMK head of investor relations Sergey Takhiev.
Gdp is seen shrinking -2.8% on-year in 2015, but should grow 2.3% in 2016 and 2.5% in 2017, Takhiev says in an Organisation for Economic Co-op…
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Anonymous
Very good overview of the weekly steel market.
Anonymous