Slow Growth As Investment Dwindles Russia’s metals sector will face slow growth in 2013 as the eurozone crisis drags on and metals prices weaken. We expect production of key metals to remain modest, with company investment plans focusing on improving processing plant efficiency and reducing costs rather than building new plants or expanding production capacity. Despite the weak growth, Russia will remain one of the world’s largest producers of key base and industrial metals such as nickel, steel and aluminium. The Russian steel industry has been grappling with high inflation, tight credit cycles and high interest rates. Opportunities may have …
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