Market Report, "Russia Metals Report Q2 2013", published

From: Fast Market Research, Inc.
Published: Mon May 13 2013

Russia's metals sector will face slow growth in 2013 as the eurozone crisis drags on and metals prices weaken. We expect production of key metals to remain modest, with company investment plans focusing on improving processing plant efficiency and reducing costs rather than building new plants or expanding production capacity. Despite the weak growth, Russia will remain one of the world's largest producers of key base and industrial metals such as nickel, steel and aluminium.

The Russian steel industry has been grappling with high inflation, tight credit cycles and high interest rates. Opportunities may have beckoned in light of the huge drop in iron ore prices over the past year; however, steel prices have also dropped significantly as the global economic outlook remains bleak. The main drags on global economic growth include: the US, the world's largest economy, continuing to experience a sluggish recovery; China, the second largest economy in the world, seeing a continued slowdown over the course of 2013; and finally, the eurozone sovereign debt crisis and its protracted negotiations for reform and proposals for future growth remaining uncertain, keeping businesses and investors wary.

Full Report Details at

Russian steel production will rise 1.8% in 2013, with the sector weighed down by falling steel prices and global oversupply in the steel market. With industry participants operating at relatively high capacity utilisation, we expect the key driver of this growth to be improvements to efficiency rather than expansions or building new processing plants. Similarly, global demand growth will slow as construction activity in China declines and the eurozone economies remain extremely weak.

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Company: Fast Market Research, Inc.
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