The MAYOR expects the output growth in ferrous metallurgy in 2016-2018

The MAYOR expects the output growth in ferrous metallurgy in 2016-2018


In 2016 it is expected the growth of production of main kinds of ferrous metallurgy products of the previous year by 1.1% in 2017, 2.4% in 2018 2.6%.

MOSCOW, 25 Oct. The Ministry of economic development (MED) expects 2016-2018 growth of production of main kinds of ferrous metallurgy products in Russia after the recession in 2015, according to the forecast office over the relevant period.

“The growth of the steel industry in the medium term are determined by domestic consumption of products of the industry (depend in turn on the dynamics of development of branches-consumers — primarily the fuel and energy complex, machine building, construction), as well as the dynamics of export deliveries”, — explained in the forecast of socio-economic development of the Russian Federation from 2016 to 2018, published on the Duma website.

In particular, this year output is expected to fall to the previous year by 6.2%, in 2016 — growth of production of the previous year by 1.1% in 2017, 2.4% in 2018 2.6%. Absolute figures are not given.

Finished steel products output in 2015 must be 60,1 million tons (term and 1.9% on the previous year), in 2016 — 60,5 million tons, in 2017 — 60,7 million tons, in 2018 60,8 million tons. The production of steel pipes after lowering in 2015 1.8%, to 11.3 million tonnes in 2016-2018 estimated, respectively, 11.1, 11.2 and 11.3 million tons.

In view of the sufficiency of steel products in the global market and high competition the Agency does not expect the growth of Russian exports in the period until 2018, in forecasting in the medium term, exports of rolled steel at the level of 2015 — 27.5 million tons, plus or minus 0.5 million tons. “In the segment of steel pipe are laid for the rapid growth of exports relative to growth indices of the global economy due to excess domestic production capacity,” — believe in the MAYOR.