National University of Science and Technology “MISiS”, Moscow, Russia:

Yuzov O. V., Dr. Eng., Prof.
Petrakova T. M., Cand. Ec., Associate Prof.
Ilyichev I. P., Cand. Ec., Associate Prof., Head of the Chair of Applied Economics,
Yuzov S. G., Graduate student (during preparing the paper)

E-mail (common): iip2006@mail.ru

The tendencies of variation of the production and economic parameters of manufactured products in the Russian iron and steel industry during 1990-2015 are presented, as well as analysis of increasing and decreasing factors of price forming, cost and profitability of products. It was established on the base of analysis of these parameters, that the average technical level of domestic metallurgical enterprises elevated essentially during recent years. However, the parameters of usage of material and fuel-power resources, as well as working productivity in the Russian iron and steel industry, are still lower than abroad. At present time the domestic iron and steel industry is on the stage of recovery growth. The volume of steel production in Russia made 71.4 mln. t, or about 99% from the 2007 level. Apparent consumption of rolled products in 2014 exceeds pre-crisis 2007 level by 10%. In 2015 volume of steel production and apparent consumption of rolled products were lower by 1.3 and appr. 10% respectively compared with 2014. The global financial crisis has a strong negative effect on the operating parameters of the Russian iron and steel enterprises. The average cost and price of rolled products at metallurgical works increased in 2014 by 66 and 39% respectively in comparison with 2007. It finalized in substantial lowering of production profitability. In 2015 we observe outrunning growth of prices for metal products and rise of their profitability owing to continuing elevation of USD exchange rate.

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