Sergey V. NOVOSYOLOV Deputy Director – Head of Information and Analytical Department of the Directorate for Control over Execution of Business Procedures and Security of Assets

Abstract:

The paper identifies the main trends, special features and problems of the development of ferrous metallurgy in Russia during the post-crisis period starting from 2014. The paper uses the methods of statistical and comparative analysis, ranking and predictive valuations. It analyses the case of EVRAZ NTMK – one of the largest steel, mining and vanadium companies. The authors state that ferrous metallurgy is one of the most dynamically growing industries in Russia. At the same time, we identify the general trends in the development of ferrous metallurgy which are a rise in concentration of production and a decline in raw materials extraction. In the context of EU sanctions introduced against Russia, the enterprise is following the path of str ategic partnership with the EAEU nations. The analysis of the resource potential of the metallurgical complex allows the authors to substantiate the thesis about the need for comprehensive modernization and introduction of innovative solutions in the conditions of a new wave of industrialization. The scientific results of the study are systematisation, generalization and the authors’ evaluation of the processes that take place in ferrous metallurgy in Russia and abroad. The authors propose the directions for the development of ferrous metallurgy.

Keywords: METALLURGICAL PLANT, FERROUS METALLURGY, VERTICALLY INTEGRATED, CORPORATE STRUCTURE, SALE OF METAL AND METAL PRODUCTS, GLOBAL METAL PRICES

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For citation:

Shaybakova L.F., Novosyolov S.V. Development of Ferrous Metallurgy in Russia: Trends, Special Features and Problems. Upravlenets – The Manager, 2017, no. 5(69), pp. 40–49.