Dynamic Expansion Forecasted for Russian Steel Industry

Supported by recovering economy and numerous construction projects, the crude steel production in Russia will grow at CAGR of 7.2% by 2014, says RNCOS.

Noida, India (prHWY.com) January 28, 2011 - According to our latest research report "Russian Steel Industry Analysis", Russia has positioned itself as the dominant force in the global steel arena. Sufficient raw material availability and low cost labor have been the primary drivers for steel industry developments during the past years. Further, steel industry showed tremendous resilience against post recessionary effects and posted solid recovery in 2010. A close supervision of steel industry dynamics revealed that growing export demand and execution of numerous production capacity expansion plans will enable steel production to grow at a CAGR of 7.2% during 2010-2014, which will be one of the highest in the world.

The study acknowledged that the government has taken some rapid corrective steps to revive overall economy and infuse steel demand in the country. In 2010 alone, the government spent RUB 44 Billion on stimulating car sales in the country. According to a recent move, regulators will further spend around RUB 17 Billion in 2011 to support the domestic auto industry.

At the demand front, continuous surge in long products imports indicates the growing demand for rebar steel from real estate industry. Sharp rise in volumes was the result of growth in the construction sector, especially the giant real estate projects and infrastructure projects such as, airport, roads, bridges, power lines, and the metro. It is expected that this trend will continue during the next five years as many of these projects are at their early stages.

Our offering "Russian Steel Industry Analysis", has been authored to identify and evaluate steel industry potentials and future growth opportunities in Russia. The report provides quantitative as well as qualitative information and evaluation of steel industry historical, ongoing, and future projected trends & prospects. In addition, the report presents projections for steel demand in different vertical industries to provide a rough direction, in which, the steel industry is likely to move in coming years. Further, demand forecasts on various product segments including flat, long, tubes & pipes products provide cutting edge market intelligence and will help clients to formulate their strategies.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM294.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: russia steel industry

Categories: Manufacturing

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