Exec: Severstal expects Russia's 2020 steel demand to fall by 6Ц9% - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Exec: Severstal expects Russia's 2020 steel demand to fall by 6Ц9%

MOSCOW, Jul 23 (PRIME) -- Russian demand will decrease by 6Ц9% steel in 2020, Alexei Kulichenko, SeverstalТs deputy CEO for economy and finance, said at a conference call on Thursday.

"Our basic scenario is minus 9% on the year. But possibly, if we see that the recovery rate is higher, the same as the latest trends, we might speak about 6Ц7%. I think that a realistic estimate might be 6Ц9%," Kulichenko said.

He also said that demand is to continue to recover in JulyЦSeptember and that the recovery will be better than in AprilЦJune.


23.07.2020 17:02
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