Leading Russian companies on the world steel market

Abstract

Metallurgical industry, is the 3rd most important branch of heavy industry in Russia and refers to the basic branch of the economy. In particular, ferrous metallurgy is a strategically important unit in the metallurgical complex and plays a critical role in shaping the sustainable development of the state as a whole, along with such industries as the oil and gas industry. Russian ferrous metallurgy market, is a leader in production efficiency, as well as production with the lowest CO2 emissions, which is one of the main competitive advantages of the industry, especially with the introduction of carbon duties and the global trend to reduce carbon dioxide emissions. The steel industry has a great demand from a large number of consumers: machine building, metalworking, construction, railway production, aircraft industry, shipbuilding and many others.

Keywords

• metallurgy
• russian manufacturers
• steel products
• closed production cycle
• pandemic
• crisis