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Development trends of iron and steel industry in Russia

Author

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  • Yu. Yu. Kostyukhin
  • D. Yu. Savon

Abstract

The article presents detailed analysis of iron and steel industrial production, assessment of the present state of labour costs in metallurgical companies with increase in production, and revealing the reserves emerging under the influence of expected and unexpected factors of the metallurgy consumer market. The authors assume that in the current circumstances it becomes especially significant to strengthen the position of a low-cost manufacturer in the world metallurgical industry by means of rapid introduction of best world’s practices and best available technologies, highly effective IT-based investment projects.

Suggested Citation

  • Yu. Yu. Kostyukhin & D. Yu. Savon, 2020. "Development trends of iron and steel industry in Russia," Russian Journal of Industrial Economics, MISIS, vol. 13(2).
    • Handle: RePEc:ach:journl:y:2020:id:839
    DOI: 10.17073/2072-1633-2020-2-158-166
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