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.