In January-October rail output increased by 34.1% YoY, to 991.5 thousand tons, mostly due to the increase in Russian Railroad (RZHD) purchases.
By 2030 RZHD plans to have constructed 13.8 thousand km of heavy weight transportation railroads, as well as 10.5 thousand km of high-speed railroads, which in its turn will increase cargo transportation 1.5-fold, and passenger turnover – by 60%. Investments into the project are estimated at around 12.6 trillion rubles.
So Evraz and Mechel put new rail mills into operation and started producing 100-meter rails, which previously had to be imported.
In 2015 average rail price grew by 28.5% YoY, in January-October 2016 – by 6.8% YoY, to 32.2 thousand rubles, resulting in the total rail output this year on the level of 29.4 billion rubles, up by 43%.(Ukrainian metal)