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National Interests: Priorities and Security
 

Challenges and threats to the economic security in the ferrous metallurgy

Vol. 16, Iss. 8, AUGUST 2020

Received: 25 May 2020

Received in revised form: 12 June 2020

Accepted: 30 June 2020

Available online: 14 August 2020

Subject Heading: ECONOMIC SECURITY

JEL Classification: L11, L21, L53, L61

Pages: 1527–1544

https://doi.org/10.24891/ni.16.8.1527

Ryabkov I.L. Cherepovets State University (ChSU), Cherepovets, Vologda Oblast, Russian Federation
il.ryabkov@gmail.com

ORCID id: not available

Yashalova N.N. Cherepovets State University(ChSU), Cherepovets, Vologda Oblast, Russian Federation
natalij2005@mail.ru

ORCID id: not available

Subject. The article focuses on market strategies of the Russian enterprises operating in the ferrous metallurgy.
Objectives. The study is to analyze corporate strategies the leading ferrous metal manufacturers use in the Russian Federation, such as NLMK Group, Severstal, Magnitogorsk Iron & Steel Works, EVRAZ Group.
Methods. The study interprets public financial statements and methods of the logic, intuitive and comparative analysis.
Results. We analyze market strategies of the Russian metal manufacturers, determine their development priorities and competitive advantages and weaknesses. We describe the impact of various threats and measures metallurgical companies undertake to eliminate them.
Conclusions and Relevance. We sorted out possible threats and exposures of the Russian metallurgic companies' economic security and traced the dynamics of their significance for 2015 to 2019. Key threats relate to policies, economy, external and internal market, regulations and laws, production, distribution and financial management, consumption, IT, social welfare and environment.

Keywords: ferrous metallurgy, steel production, economic security, threats, market strategy, development priority

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