NLMK president Oleg Bagrin said that the group was studying the option of buying rolling assets abroad, in particular on developed markets.
“We like developed markets, as they provide stability and growth”, he said, adding that new assets should be complimentary to the existing ones and the company strategy.
The group also strives to be closer to the main steel-consuming markets: at present a third part of the NLMK steel is sold where it is produced – in Europe and USA.
At the same time the NLMK head does not see any prospects of steel capacity consolidation in Russia.
“I don’t think that the further consolidation in the steel sector will benefit manufacturers and consumers. There is no goal to create a second ArcelorMittal in Russia”, Bagrin said. (Ukrainian metal)