Development of the global ferrous metals market under conditions of uncertainty
Abstract. The objectives and relevance of the research are to analyze the development of ferrous metallurgy in conditions of geo-economic uncertainty. The article investigates current problems of the development of the global ferrous metals market, primarily using the example of the G7 and BRICS countries. It shows the main risks and opportunities faced by industry as a whole and its individual enterprises under the influence of modern trends in technological development, regulatory requirements, and geo-political constraints.
Keywords: ferrous metallurgy, global economic uncertainty, geo-policy, sanctions, recessions, infrastructure, risk management.
Highlights:
- the analysis of statistical data on the development of the global ferrous metals market has been carried
out;
- it is determined that the main causes of crisis phenomena in the metallurgical industry are related to geo-economic uncertainty and geopolitical constraints;
- it is shown that the modern global metallurgical market has become a field of high instability caused by factors such as economic recessions, epidemics, sanctions and geopolitical tensions.
Maxim N. Konkov - Samara State University of Economics, Samara, Russia