Noida, UP -- (SBWire) -- 03/15/2011 -- According to our latest research offering “Russian Steel Industry Analysis”, steel production in Russia has rapidly expanded during the past few years, on the back of sufficient raw material supply, growing investments, and cheap & reliable gas & energy supply.
Although economic slowdown dented the industry’s performance in 2009, it witnessed strong recovery in 2010 and overall demand-supply growth was encouraging. Demand for flat products advanced substantially and the study further revealed that strong vertical industry demand and market fundamentals will lead flat steel products demand to expand at a CAGR growth of 5% during 2010-2014.
The study identified that, Russian automobile sector and home appliances manufacturing, which are the most prominent consumers of flat steel products are currently under recovery phase and showing dynamic future growth prospects. Flat steel demand will witness a much-awaited boost mainly from various new automobile projects set-ups and specialized housing construction segments in future. We expect this demand to encourage industry players to expand their production capacities and will also attract new market entrants to tap the potential market growth opportunities.
Along with flat steel products, various other market segments including long products, pipes & tubes, and metal products have also shown phenomenal market developments during the past few years and are poised for encouraging future growth. Demand from continuous developments in oil & gas sectors along with various other factors discussed and analyzed in the report will sustain Russian steel market attractiveness for international investments.
Our report, “Russian Steel Industry Analysis” has been authored to examine and evaluate growth potentials of the Russian steel market and its segments. The report thoroughly investigates the current market trends, evolving markets, and growth prospects of the industry. The report, through its rational forecasts, outlines the future direction of the market. The report also facilitates steel demand forecasts in various vertical industry segments including, automobile, construction, machine building, etc. Besides, steel demand analysis and forecasts have been covered for various product segments including flat, long, tubes, etc.
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Russian Flat Steel Products Market to Advance Rapidly