Russia is set to significantly increase its steel demand by 2030, driven by ambitious infrastructure projects and industrial growth. The government has outlined plans to boost steel consumption through various initiatives, including the development of new transportation networks, energy facilities, and urban infrastructure. These projects are expected to create substantial demand for steel products, supporting the domestic steel industry and contributing to economic growth.
The strategic focus on expanding steel demand aligns with Russia’s broader economic goals and efforts to modernize its industrial base. This increase in demand is anticipated to provide a stable market for Russian steel producers, encouraging further investment and innovation within the sector.