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NLMK sees Russian Domestic Steel Demand Growth at 3-5% in 2019

Steel News - Published on Wed, 13 Nov 2019

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Russian steel producer NLMK expects steel demand growth in Russia in 2019 to stand at 3-5% due to support from the domestic construction sector. NLMK Commercial Director Mr Sergey Horn said “The introduction of escrow accounts in the Russian construction industry in July compelled builders to buy more metal in the first half of this year. We expected demand to slow in a sharper way from July or August. But we didn't see this happen. The indicators are very good, we are seeing demand growth across all product categories."

NLMK expects domestic demand growth to slow to 2-3% next year and to stabilise at an annual 2% for the subsequent few years.

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Posted By : Amom Remju on Wed, 13 Nov 2019
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