High demand for steel and low stocks of Chinese traders, US import duties and high expenses on raw materials are among the factors influencing the world steel price increase.
Moreover blast furnace manufacture in Northern China is expected to be limited, which will result in the drop of output by 50 million tons. Thus prices for steel will increase, while prices of raw materials will fall.
At present the Russian market is experiencing the revival of rolled metal consumption, linked to positive trends in the economy.
In particular, Severstal intends to increase its share in the service metal center segment from 17% to 27% in 2018. The group plans to increase product range in galvanized metal, expand its logistics network and strengthen its positions in delivering metal with coating. (Ukrainian metal)
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