group of companies Novolipetsk steel (NLMK) Vladimir Lisin predict that next year the demand for steel in Russia will grow by 2-3%, after rising by 3-5% in 2019.
to Grow the market is due to announced by the Russian government, major infrastructure projects, i.e. mainly due to the building sector.
"For the first nine months of the current year the demand for steel in Russia increased by 8.5% and the aggregate demand for the 12 months reached a peak pre-crisis 2014. Steel consumption this year in Russia has spurred the introduction of escrow accounts in the construction industry since July, forcing builders to buy more metal in the first half. In the second half of expected demand slowdown will occur more rapidly from July-August. We did not see it. Although, of course, the slowdown is. At year-end the figure the demand will be somewhat lower than for the first half... nevertheless, performance is very good, we are seeing growing demand across all product categories", - quotes Agency Reuters top Manager of the company.
In 2020, NLMK expects steel consumption growth in Russia by 2-3% and further annual growth of 2% in the medium term, linking the market support national projects that "even with a conservative forecast can add 10-15 million tons of demand in the coming years." Prices are expected to "serious jerks should not wait, but the prices can return to a good, acceptable level." In the first quarter, steel prices will continue to recover, particularly for hot-rolled steel - by 10-20 dollars per ton.
