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Russian Steel Demand Is Expected to Resume Growth in 2017

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Russian steel demand is expected to resume growth in 2017, and it is expected to increase by 2%, steel consumption will be 39.1 million tons used for industry blast furnace. This is based on optimistic forecasts of domestic GDP.

The demand for Russian steel decreased for three years among 2014, 2015 and 2016. As the demand for construction and automotive steel is increasing, so steel demand will return to growth in 2017. Demand for construction steel used in steel mill will increase 2.4%, automotive steel demand will increase by 2.2%. The demand for steel is expected to return to the same quantity as that in 2012-2014 after 2020.

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