Subject. We investigate trends in the development of the largest steel companies in the Russian Federation. Objectives. The aim of the study is to conduct an industry-wide analysis of the production and economic activities of the largest domestic enterprises operating in the iron and steel industry. Methods. The study employs methods of comparative and system analysis, graphical and statistical methods for data processing. Results. We present the analysis of main production and economic indicators of the leading steel producers of the Russian Federation, i.e. NLMK, Severstal, MMK, and EVRAZ. The paper reveals their current status and key development trends. Conclusions. The largest Russian steel companies face serious challenges in both the domestic and foreign market. Competitive interactions in the domestic market as to the sale price of rolled metal and the share of presence are particularly sensitive. The threat of reduced supplies to export markets is also significant for Russian steel producers. It may entail insufficient utilization of capacities and potential loss of added value. The companies mainly export semi–finished goods and hot-rolled flat products, i.e. low-added value products. Products with high added value are usually delivered to the domestic market.
Keywords: iron and steel industry, steel production, metal manufacturer, export, economic security
References:
Vakhidov Sh.G. [Management of nuclear facilities of metallurgy enterprises]. Ekonomika i sotsium, 2018, no. 9. (In Russ.) URL: Link
Pyrina M.A., Probin P.S. [Current trends in the market of non-ferrous and ferrous metallurgy]. Vektor ekonomiki, 2018, no. 11. (In Russ.) URL: Link
Li Tszyun'. [Conceptual approach to strategic management of the development of ferrous metallurgy enterprises]. Finansovaya ekonomika = Financial Economics, 2018, no. 8, pp. 210–214. (In Russ.)
Zinov'eva N.G. [Iron and steel industries of the world and Russia]. Chernaya metallurgiya. Byulleten' nauchno-tekhnicheskoi i ekonomicheskoi informatsii = Ferrous Metallurgy. Bulletin of Scientific, Technical and Economical Information, 2018, no. 4, pp. 29–40. URL: Link (In Russ.)
Chekunov A.S. [State support of domestic metallurgy under conditions of import substitution]. Vestnik Altaiskoi akademii ekonomiki i prava = Bulletin of Altai Academy of Economics and Law, 2019, no. 1-2, pp. 181–189. URL: Link (In Russ.)
Moskovtsev V.V., Zubkov E.I. [Modern state of the ferrous metallurgy market]. Innovatsionnaya ekonomika i pravo = Innovative Economy and Law, 2018, no. 2-3, pp. 66–71. (In Russ.)
Molchanov N.P., Kozlova T.V., Zambrzhitskaya E.S. [Investment analysis in the conditions of integration in the steel industry]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2019, no. 3, pp. 261–263. (In Russ.)
Sentyurin A.V. [On the Current Trends in the Iron And Steel Industry of Russia]. Stal' = Steel, 2019, no. 4, pp. 77–79. (In Russ.)
Khoreva A.V., Sukmanov E.V. [Analytical forecast of the metallurgy market]. Politika, ekonomika i innovatsii, 2019, no. 4. (In Russ.) URL: Link
Rogova I.N. [Prospects of domestic steel industry after Russia's WTO accession]. Ekonomicheskoe vozrozhdenie Rossii = Economic Revival of Russia, 2013, no. 2, pp. 82–87. URL: Link (In Russ.)
Karavaev E.P. [Development of State support to investment in metallurgy]. Stal' = Steel, 2016, no. 5, pp. 64–67. (In Russ.)
Solodovnikov V.V. [Specific of supply chain planning of ferrous metallurgy companies]. Logistika i upravlenie tsepyami postavok = Logistics and Supply Chain Management, 2016, no. 2, pp. 35–44. URL: Link (In Russ.)
Anastasova A.S. [Industry characteristics of the ferrous metallurgy sector in the domestic market]. Teoriya. Praktika. Innovatsii = Theory. Practice. Innovations, 2016, no. 11, pp. 8–10. (In Russ.)
Berger H. [Development ways of the iron and steel industry]. Chernye Metally, 2017, no. 5, pp. 71–76. (In Russ.)
Kodirov A.O. [Ferrous metallurgy of Russia and its influence on the national and regional economy of the country]. Konkurentosposobnost' v global'nom mire: ekonomika, nauka, tekhnologii = Competitiveness in a Global World: Economics, Science, Technology, 2017, no. 7-1, pp. 85–88. URL: Link (In Russ.)
Shaibakova L.F., Novoselov S.V. [Development of ferrous metallurgy in Russia: Trends, special features and problems]. Upravlenets = The Manager, 2017, no. 5, pp. 40–49. URL: Link (In Russ.)
