All news

Severstal expects metal consumption to remain flat annually in 2025

"We expect in 2025 that it will at least remain at the level of 2024," Severstal CEO Alexander Shevelev said

MOSCOW, October 29. /TASS/. Severstal expects metal consumption in Russia in 2025 will stay flat year on year, CEO of the Russian steelmaker Alexander Shevelev told reporters on the sidelines of the Metal-Expo Exhibition.

"We expect in 2025 that it will at least remain at the level of 2024," the chief executive said.

Metal consumption in the industry may fell by 5-7% against the level in 2023 in the current adverse conditions, Shevelev added.