RUSSIA SHIPBUILDING GRANTS TO BOOST DEMAND FOR LOCALLY-MADE HIGH QUALITY STEEL
August 1st, 2016
The Russian ministry of industry and trade is claiming that the country’s steel manufacturing sector will receive a significant increase in orders through its new plans to invest up to USD300 million in developing Russia’s civil shipbuilding industry.
According to its minister Denis Manturov, the majority of funds will help pay for the construction of new ships such as container shops, trawlers and other commercial vessels, within Russian shipyards, notably boosting demand for high-strength steel, which is currently produced at small volumes in Russia, ...
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