10:41, 24 April 2023

The Russian Import Substitution in Metallurgical Engineering is Being Intensified

The International Union of Manufacturers of Equipment for Metal and Steel Industry (Metallurgmash) held the Annual General Meeting, bringing together members of Metallurgmash, the Ministry of Industry and Trade of Russia and the Russian Steel Association, heads of the "Metal-Expo" exhibition. The key topic of the meeting was the existence of the heavy engineering industry in a challenging economic situation as well as to devise effective measures to overcome crisis situations. 

B.Sivak, President of the Metallurgmash Union, summed up the results of the past 2022 year and spoke about the tasks for 2023. He said, the members of the Metallurgmash Union have been actively involved in the development of standard technical, methodological and legal documents in the field of heavy engineering industry, metallurgy and the Russian economy in general. Metallurgmash Union member companies among them Elektrostal Heavy Machinery Plant, RELTEK, Nakal - Industrial Furnaces were included in the list of backbone enterprises under the program of preferential crediting. B.Sivak stressed that one of the annual key event of on this matter is Meeting of Coordination Council for the Steel Industry by the Ministry of Industry and Trade of the Russian Federation, traditionally held during the Metal-Expo's program of events

Discussing the current economic situation, Boris Sivak noted the negative impact of anti-Russian sanctions on the Russian industrial production, howewer, the Ministry of Industry and Trade of the Russian Federation  “closed” the issue of business responsibility for parallel imports of mission critical products and components to counter sanctions restrictions. 

Nevertheless, despite all these difficulties, the Russian import substitution of the most demanded products in metallurgical engineering is being more intensified.

The International Union of Manufacturers of Equipment for Metal and Steel Industry (Metallurgmash), a Metal-Expo regular exhibitor, is one of the exhibition's active partners in drawing up the business program. Metallurgmash Union's members annual exibits their products, solutuions and own work as well during the Autumn Metal Week and Summer industrial exhibitions "Metallurgy.Russia" and "Litmash.Russia" in Moscow.

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