Severstal Forecasts 35% Growth in Demand for Steel Structures by 2030

Demand for metal structures in Russia could rise by 35% by 2030, despite an anticipated temporary decline in the coming years. This forecast was presented by Viktor Nikiforov, Head of Procurement and Logistics at Severstal Steel Solutions Group, during the 28th International Conference "Russian Steel Market".

"Consumption of metal structures is currently continuing to decline. In 2025, it is expected to reach 2.1 million tonnes, and in 2026, the forecast is 1.9 million tonnes," the company's press release states.

However, experts at Severstal Steel Solutions anticipate a market recovery and an increase in total consumption of metal structures (including black metal structures and light steel thin-walled structures — LSTK) to 2.9 million tonnes by 2030. At the same time, the share of LSTK consumption is projected to grow from 7% to 9%.

"Next year will still be challenging, with some projects suspended or postponed, leading to deferred demand. This situation will set the stage for positive changes starting in 2027," Nikiforov noted.

The revival in demand for metal structures will be driven by the realisation of deferred demand from the 2025–2027 period, as well as the accelerated development of production facilities in special economic zones (SEZs) and territories of advanced development.

The group of companies plans to increase its output of metal structures 2.5-fold by 2030 and double the number of its partners.

Severstal is a vertically integrated mining and metallurgical company and one of Russia's largest steel producers. Its key asset is the Cherepovets Steel Mill, with an annual steel production capacity of around 12 million tonnes.

The main shareholder of Severstal is Alexey Mordashov, who owns approximately 77.03% of the company's shares.