2021-03-24
Mar. 24, 2021 - Severstal, one of Russia’s largest steel producers, expects apparent steel consumption in the country to return to pre-Covid 19 pandemic levels in 2021.
The company expects steel consumption in Russia to reach 43.8 million tons, up from 43.6 million in 2019, before the pandemic outbreak. Apparent steel use was estimated at 42.5 million tons in 2020.
In 2020, the total domestic sales of Severstal were summed as 10.74 million tons.
The company explained that Russia's steel demand has gradually recovered since the second half of 2020 and will continue increasing in 2021. Meanwhile, the construction industry remained the main force to sustain the steel market.
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