Alexander Shevelev
Alexander Shevelev is the CEO of Severstal, one of Russia's leading steel producers. In a recent interview, he expressed concerns about the potential suspension of some metallurgical operations in Russia due to market conditions and emphasized the need for a more flexible monetary policy to avoid such outcomes. He highlighted a projected decline in steel demand, forecasting a decrease of around 10% this year, while also noting that steel prices in the domestic market are at multi-year lows. Despite these challenges, Shevelev remains committed to completing major investment projects to ensure the company’s future competitiveness.
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Russia:
General Director of Severstal Alexander Shevelev noted that the tax introduced in 2022 has turned into a 'Jesuit form of collection' of superprofits that no longer exist in the industry.
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Spain:
Alexander Shevelev warned that the Russian industry faces a collapse similar to that experienced in the 1990s.
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Russia:
Alexander Shevelev, the CEO of Severstal, discussed the conditions for the recovery of steel demand in Russia.
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Russia:
The CEO of Severstal, Alexander Shevelev, discussed the potential suspension of some metallurgical productions to stabilize supply.
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