The Russian Industry and Trade Ministry expects steel output to grow by 60% to 16.4 million tons by 2030, the ministry said in a scenario of accelerated development.
“Under the accelerated scenario, an increase of domestic consumption to historical highs is envisaged not only with the help of fulfillment of infrastructure projects, but also by cutting imports and increasing exports of products of metals-intensive industries”, it said.
Pipe exports are planned at 1.4 million tons, domestic consumption can amount to 15.2 million tons and imports to 200,000 tons.
In 2016, pipe output fell 9.6% to 10.3 million tons; exports amounted to 900,000 tons and imports to 400,000 tons.
Flat rolled product manufacturing is to rise by 31% by 2030 to 36.1 million tons, rolled section steel can grow to 26.9 million tons from 17.9 million tons in 2016.
The ministry expects growth of production and consumption of non-ferrous metals in Russia, according to the 2030 forecast.
Depending on one of the three scenarios, accelerated, moderately optimistic or conservative, primary aluminum production will range between 3.7 and 3.8 million tons in 2020 and 4.175-4.850 million tons in 2030. Demand is expected at 680,000-850,000 tons in the short term and 885,000-1.445 million in the long term.
Nickel production is expected at 181,000-207,000 tons in 2020 and 202,000-262,000 tons in 2030 and consumption at 18,000-25,000 and 20,000-33,000 tons respectively.
Copper production is seen at 930,000 in 2020 and 980,000-1.365 million tons in 2030. Demand is expected at 251,000-266,000 tons in 2020 and 248,000-391,000 in 2030.
The ministry hopes that demand will grow by expansion of the car industry and infrastructure development. The production rise will depend on solution of issues of natural resource scarcity, high borrowing costs and high tariffs for services of natural monopolies. (Prime/Ukrainian metal)
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