30
Mar
15:02
Russian apparent consumption seen recovering in 2017
Russian apparent steel demand should recover in 2017, with growth forecasted at 1 million tonnes over 2016 to 41mt, according to the Russian Steel consortium’s Sergey Takhiev.
Russian steelmaking capacity fell to 70m t/year in 2016 compared to 90m t/y in 1990. Open hearth furnaces (OHF), which accounted for 48m t/y of capacity in 1990, have been phased out and replaced by 46m t/y of basic oxygen furnace and 22m t/y of electric arc furnace capacity. OHF now…
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Anonymous
Very good overview of the weekly steel market.
Anonymous