Leading Russian companies on the world steel market
- Authors: Chusmakaev R.M.1,2
-
Affiliations:
- Peoples Friendship University of Russia
- LLC IC Sberbank Insurance
- Issue: Vol 30, No 3 (2022): Global Economy: Actual Problems
- Pages: 402-413
- Section: REGIONAL ECONOMY
- URL: https://journals.rcsi.science/2313-2329/article/view/324182
- DOI: https://doi.org/10.22363/2313-2329-2022-30-3-402-413
- ID: 324182
Cite item
Full Text
Abstract
Metallurgical industry, is the 3rd most important branch of heavy industry in Russia and refers to the basic branch of the economy. In particular, ferrous metallurgy is a strategically important unit in the metallurgical complex and plays a critical role in shaping the sustainable development of the state as a whole, along with such industries as the oil and gas industry. Russian ferrous metallurgy market, is a leader in production efficiency, as well as production with the lowest CO2 emissions, which is one of the main competitive advantages of the industry, especially with the introduction of carbon duties and the global trend to reduce carbon dioxide emissions. The steel industry has a great demand from a large number of consumers: machine building, metalworking, construction, railway production, aircraft industry, shipbuilding and many others.
About the authors
Ravil M. Chusmakaev
Peoples Friendship University of Russia; LLC IC Sberbank Insurance
Author for correspondence.
Email: Chusmakaev@inbox.ru
ORCID iD: 0000-0002-8092-6692
PhD student at Peoples’ Friendship University of Russia, Department of World Trade; Project Manager at LLC IC Sberbank Insurance
6 Miklukho-Maklaya St, Moscow, 127198, Russian Federation; 3, bldg 1, Poklonnaya St, Moscow, 112270, Russian FederationReferences
- Gugis, N.N., & Petrik, S.M. (2019). Russia on the world market of ferrous metals. Steel, 3, 61-64.
- Kirillov, V.N., Grishina, I.V., & Strizhkova, L.A. (2021). Ferrous Metals Export in Russian Companies. Russian Foreign Economic Journal, 4, 101-107
- Lebedev, A. (2021). Metallurgy 2021. Hardened by pandemic. Retrieved from https://vmeste.severstal.com/expert/metallurgiya-2021-zakalyennye-pandemiey/
- Popov, E.A. (2021). The Russian industry of ferrous and non-ferrous metal scraps: current situation and prospects. Business Strategies. 9(2), 35-41.
- Prokhorova, V.V., & Basyuk, A.S. (2021). Modern state and prospects for the development of the metallurgical industry in Russia. Economics: yesterday, today, tomorrow. 11(10), 41-48.
- Revinskaya, L.Yu. (2015). Tendencies of development of the world and Russian ferrous metallurgy in the crisis period. Economic Sciences, 123, 72-77.
- Votinov, A.I., Lazarian, S.S., Radionov, S.A., & Sudakov, S.S. (2021). Impact of EU’s Carbon Border Adjustment Mechanism on Russia. HSE Economic Journal, 25(3), 452-477.
- Zainullin, E. (2021). Steel is easy to cast. Major Russian metallurgists reduced output by 2.4 %. Kommersant. Retrieved from https://www.kommersant.ru/doc/4671379
Supplementary files
