A challenge for Russian metallurgy
Edited by Rhod Mackenzie / 2013-09-27 06:01:57
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.
