According to report, Russian steelmaker Severstal seeks redirect sales to its domestic market, especially northwest and central regions. In fact, its domestic sales of the first half of 2013 was 61% of the total sales, higher than 56% same period in 2012. Severstal plans to raise the sales to domestic market to 80% due to it may increase its sales to more to auto-making industry as the company’s share to this sector is estimated at 44%, higher than 33% in 2012. Other than automotive industry, the company sees higher demand from domestic construction, oil and gas and energy sectors. Also, the steel growth rate will be about 4.1% per year for the next few years for Russia’ steel consumption.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67226&division=A9
