Moody's Corporation
(Moody's), an US’ business and financial services company, forecasted that the
plans for infrastructure and housing development projects during 2019 to 2024
were expected to push domestic steel demand in Russia.
It was understood that Russian demand for steel will be benefited by GDP recovery
and government’s infrastructure plans, and the prospects in Russian steel
industry will be stabilized in the next 12-18 months.
Russian gross domestic product (GDP) and steel demand were expected to increase
by 1.6% and 2.5% respectively during the period from 2017 to 2023, and the
demand for finished steel in Russia was predicted to reach 47 million tons in
the next 5 years.
Source: yieh