According to a press release sent to the Russian press agency TASS, Russian steel producer Severstal said demand for steel in Russia's construction sector is expected to decline by 10 percent by the end of 2025, reflecting a broader decline in metal consumption in the country's main steel-consuming industries.
Severstal said the expected decline in demand for construction-related steel is due to several factors, including high key interest rates, low new ones
Severstal added that steel consumption is expected to decline across all major consumer sectors in 2025. In the engineering sector, the company estimates that steel consumption could fall by as much as 32 percent, reflecting a decline in industrial production and investment activity. energy projects and fewer new oil wells.
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