The preferred orientation of the metallurgical enterprises of the Urals to the domestic market — one of the most important conditions for economic security

Abstract

It this paper, the author tries to show that the export orientation of the Ural metallurgy, perceived until recently as its dignity and therefore encouraged by the authorities, actually poses a threat to economic security of the region. Being the basis of the regional economy and of Sverdlovsk region in particular, metallurgical industry has suffered serious loss during the global crisis of 2008-2009, thereby causing considerable damage to the socio-economic development of the region. It is generally accepted, but considered as a temporary loss, which was compensated at the end of the crisis. The author puts some suggestions forward on reduction of the global demand for metals in the coming decade. The author tries to prove that without reorientation of the Ural metallurgy onto the domestic market, such losses are very likely also in the future after the crisis overcoming.

Keywords

• Ural metallurgy
• economic security of the region
• exports
• domestic demand