Russian metallurgists to tighten their belts

The situation in the metallurgy secor – as in ferrous, as well as in nonferrous – is far from optimistic: the era of the runaway growth of Chinese economy is now gone and mining companies around the world have to work in conditions of low prices for their products, decreasing investment programs and the freezing of the exploration of new deposits.

Shortly before the Day of metallurgist, which fell on July 21st this year, Russian representatives of the sector discussed their problems at the meeting in the Prime Minister Dmitry Medvedev’s office. Hopes for the state support occurred, but they have found their concrete realization only in the pipe industry – duty-free import of Ukrainian pipes was stopped.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer