Improving the development strategy of ferrous metallurgy in the Russian Federation

The article presents the analysis of the current situation and observed trends in the global and Russian iron and steel industry. Based on those, several conclusions are made, specifically, that currently the growth in consumption of steel in the world is declining, but there is considerable overpro...

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Main Author: V. V. Smirnov
Format: Article
Language:Russian
Published: Government of the Russian Federation, Financial University 2018-04-01
Series:Мир новой экономики
Subjects:
Online Access:https://wne.fa.ru/jour/article/view/85
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author V. V. Smirnov
author_facet V. V. Smirnov
author_sort V. V. Smirnov
collection DOAJ
description The article presents the analysis of the current situation and observed trends in the global and Russian iron and steel industry. Based on those, several conclusions are made, specifically, that currently the growth in consumption of steel in the world is declining, but there is considerable overproduction of it. Based on the described findings the author describes the long-term prognosis of possible scenarios of development of the Russian steel industry, which is the basis of recommendations to improve the sector’s development strategy in the Russian Federation until 2030. In particular, it is proposed to prepare a transformation scenario, which is a feature of the management of sustainable development of ferrous metallurgy in the conditions of a possible reduction in demand for products, not only in the foreign, but also domestic markets. To do this, it is recommended to include indicators characterizing the economic, social and environmental performance activities into the government policy documents, governing the development of the steel industry. Also, it is recommended to consider the effectiveness of an integrated strategic and its derivatives as the most important innovation of system performance management tool for the activity of Russian metallurgical enterprises and groups.
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spelling doaj-art-9cc9ba81b0874ff28fee276c2b1afb192025-08-20T03:18:55ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722018-04-01103839385Improving the development strategy of ferrous metallurgy in the Russian FederationV. V. Smirnov0Финансовый университет при Правительстве Российской ФедерацииThe article presents the analysis of the current situation and observed trends in the global and Russian iron and steel industry. Based on those, several conclusions are made, specifically, that currently the growth in consumption of steel in the world is declining, but there is considerable overproduction of it. Based on the described findings the author describes the long-term prognosis of possible scenarios of development of the Russian steel industry, which is the basis of recommendations to improve the sector’s development strategy in the Russian Federation until 2030. In particular, it is proposed to prepare a transformation scenario, which is a feature of the management of sustainable development of ferrous metallurgy in the conditions of a possible reduction in demand for products, not only in the foreign, but also domestic markets. To do this, it is recommended to include indicators characterizing the economic, social and environmental performance activities into the government policy documents, governing the development of the steel industry. Also, it is recommended to consider the effectiveness of an integrated strategic and its derivatives as the most important innovation of system performance management tool for the activity of Russian metallurgical enterprises and groups.https://wne.fa.ru/jour/article/view/85integrated strategic effectivenessthe strategy of development of the steel industrythe sustainable development of the industry
spellingShingle V. V. Smirnov
Improving the development strategy of ferrous metallurgy in the Russian Federation
Мир новой экономики
integrated strategic effectiveness
the strategy of development of the steel industry
the sustainable development of the industry
title Improving the development strategy of ferrous metallurgy in the Russian Federation
title_full Improving the development strategy of ferrous metallurgy in the Russian Federation
title_fullStr Improving the development strategy of ferrous metallurgy in the Russian Federation
title_full_unstemmed Improving the development strategy of ferrous metallurgy in the Russian Federation
title_short Improving the development strategy of ferrous metallurgy in the Russian Federation
title_sort improving the development strategy of ferrous metallurgy in the russian federation
topic integrated strategic effectiveness
the strategy of development of the steel industry
the sustainable development of the industry
url https://wne.fa.ru/jour/article/view/85
work_keys_str_mv AT vvsmirnov improvingthedevelopmentstrategyofferrousmetallurgyintherussianfederation