11:05, 22 July 2021

Russian Steel Industry in COVID Era

Metallurgy.Russia’2021, Litmash.Russia’2021 and Tube.Russia’2021 exhibitions held in Moscow on June 8-10 brought together a number of Russian and international suppliers of industrial equipment for various industries. The exhibitions revealed the latest market trends, new and old problems of the Russian industry as well as and its achievements.

The Russian industry in Q2, 2021 recovered from the recession caused by the last year’s COVID’19 restrictions. Thus, according to Rosstat, the industrial production index in April 2021 grew by 2.5% as compared to the corresponding period of the pre-crisis year of 2019, whereas in May: by 2.9%. The growth rate in the metal processing industry reached 6.1 and 6.3% respectively. The raw materials segment, however, is an outsider.

Did the exhibitors notice the recovery? Some noticed all right! “The break-point was passed in spring 2021. All of a sudden we started receiving many inquiries from steel producers”, said Anton Serdukov, Shanghai NanYang Electrical Equipment, a big Chinese supplier of cable equipment.

Some Russian producers assess the situation the same way. “We have enjoyed a booming demand from all customer groups since 2H 2020. We hardly satisfy it, sometimes even have to refuse orders. Our production capacities are charged 120%”, said Vitaly Shurygin, General Manager, Romek, a Russian supplier of handling equipment.

Russian equipment producers however, faced some problems in the last few months. One of the main problems is growing prices for steel. Among other problems are lack of well qualified staff and components. To find solutions, the problems need to be viewed from different angles.

New on the topic

Russian Steel Industry in COVID Era

Metallurgy.Russia’2021 , Litmash.Russia’2021 and Tube.Russia’2021 exhibitions held in Moscow on June 8-10 brought together a number of Russian and international suppliers of industrial equipment for various industries. The exhibitions revealed the la...

22 July, 11:05

Metallurgy.Russia and Litmash.Russia to be held on June 07-09, 2022 in Moscow

After the metal trade fair quartet was successfully held at the EXPOCENTRE fairground in 2021, the metallurgy and foundry industry is now looking forward to get together again in Moscow. From Jun...

16 July, 15:26

Hot Trials Start at MMK Metalurji EAF in Turkey

Russian steel maker Magnitogorsk Iron and Steel Works (MMK), a Metal-Expo regular exhibitor, announced that MMK Metalurji in Turkey has started hot tests at its electric arc furnace facility with a casting and rolling module. MMK has ...

13 July, 10:37

Russian Scientists Create Unique Alloy For Air, Rail Transports

Scientists from the National University of Science and Technology “MISiS” (NUST MISIS) , a Metal-Expo regular exhibitor, in cooperation with their colleagues from the Siberian Federal University and the Research an...

24 June, 16:15
Subscription to newsletter