Growth of steel consumption in Russia to make up 3% in 2014

~~In 2014, Severstal expects increase in steel consumption in Russia by 3%, mainly due to growth in such sectors as construction and the oil and gas industry (including due to purchase of large diameter pipes for new projects), Severstal reports, referred to its general director and the main shareholder of the company, Alexei Mordashov.

“In 2014, the management’s efforts will be directed to the further improvement of the profit rates. The implementation of the previously approved strategy of the company, aimed at the increase of efficiency, the maintenance of the lowering of costs, the optimization of capital investments and the creation of higher added value due to a better customer-oriented approach and the  improvement of product portfolio will contribute to it,” – the main shareholder of Severstal noted

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer