Source: China 2010-7-9 11:13:39     according to Russia, industrial and trade in the future five years in Russia steel company will invest $370 billion roubles (steel), and $1.2 billion in formulating government gives priority to the development of steel industry development strategy in the modernization program. In the past 10 years, Russian steel capital investment totaling 90 billion rupees ($29 billion).

With the development strategy of steel construction of all is associated with the project, or just starting in 2020 will be complete. These projects will be used to meet first automobile, shipbuilding, transportation, energy consumption and defense industry needs steel.

Russian steel consumption in a financial crisis declines greatly than before. According to GongMaoBu data shows, 2009 steel consumption and year-on-year drop 14% year-on-year drop in 2008. In view of this, XieWei steel company, Russia's expected to recover the steel market to pre-crisis levels need for two years.