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Ensuring sustainable innovative development of the metallurgical complex enterprises

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  • V. A. Shtansky

Abstract

It is shown that the most important factors determining the sustainable innovative development of the metallurgical complex are the availability of competitive metal production capacities with the systematic demand for Russian metal products both in the domestic and foreign markets. It was determined that as a result of the implementation of major investment programs by leading metallurgical companies implemented in the iron and steel industry of Russia, production capacities have been created competitive types product of in the world market. However the realization of this potential is sharply limited due to the insufficient development of the engineering complex As a result, there was a significant gap between the large production and economic potential of Russian metallurgical companies created over the years of favorable economic conditions and the limited opportunities to use this potential. Various measures for the development of metal-consuming industries have been substantiated, including the maximum possible expansion of sources of financing, both through state support and by attracting private investment, largely through public-private partnerships.

Suggested Citation

  • V. A. Shtansky, 2020. "Ensuring sustainable innovative development of the metallurgical complex enterprises," Russian Journal of Industrial Economics, MISIS, vol. 12(4).
    • Handle: RePEc:ach:journl:y:2020:id:805
    DOI: 10.17073/2072-1633-2019-4-466-472
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