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Severstal expects company’s share on Russian market at least at 20% in 2028

Infrastructure construction, engineering and SMEs are Severstal’s targeted segments, in which the company intends to get leading positions, Alexander Shevelev noted

MOSCOW, June 4. /TASS/. Severstal plans to become a leading supplier on the Russian market as it expects its share on the domestic market to reach at least 20% by the end of 2028, Chief Executive Officer Alexander Shevelev told TASS before the St. Petersburg International Economic Forum.

"As the strategy (for 2024-2028 - TASS) is implemented we expect our share on the Russian market to reach at least 20%," he said.

Infrastructure construction, engineering and SMEs are Severstal’s targeted segments, in which the company intends to get leading positions, chief executive added.

The St. Petersburg International Economic Forum (SPIEF) will be held on June 5-8. This year’s theme will be "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.

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Russia designs Titan rifle for commandos

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