A challenge for Russian metallurgy

The Ministry of Economic Development states that low demand and high competition on the world market will pull back the development of the sector. It is said  in the amended macroeconomic forecast for 2014-2016, Prime reports. They consider the output of high value added products to be the engine to pull  the sector out from stagnation.  The competitive ability on the world market will increase, as the total excess of the world capacities is more than 500 million tons. Besides, a number of large enterprises will be put in operation in 2013.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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