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10 Apr
12:40

Russian consumption to increase, CIS demand surges: worldsteel

Worldsteel has revised up its 2024 steel demand forecast for Russia and the CIS countries in the association’s April short-range outlook seen by Kallanish. According to the association, steel consumption in Russia in 2024 may increase by 4% on-year to 46.4 million tonnes and the same volumes in 2025. Last October, worldsteel projected a 5% on-year surge to 43.8mt in Russia this year (see Kallanish passim). Earlier, in April 2023, it predicted a 5…
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