Along with oil and gas production, metallurgy is one of the Russian economy’s key industries. Russia ranks first in the world in nickel production, second in aluminium production and export after the US, and fourth in steel production after China, Japan and the US.
Expanding domestic demand for metal products from the machine building and construction sectors stimulated the industry’s dynamic growth. In 2006 the metals industry accounted for over 16% of Russia's total industrial production and around 10% of total foreign investment. The process of privatisation and asset consolidation in the metals industry is largely complete. Most metallurgical companies are vertically-integrated holdings that conduct exploration and extraction as well as refining and sales activities.
How PricewaterhouseCoopers can help you
PricewaterhouseCoopers (PwC) network member-firms, operating in Russia, provide assurance, tax, legal and advisory services to many of Russia’s and the world's largest metals companies. Our strength in serving the local metals industry comes from our skills and local experience, industry thought leadership, and access to our global network of fully dedicated industry professionals.
PwC’s metals industry practice operates in more than 30 countries all over the world. Globally, PwC works with more than 60% of the metals and mining companies listed in Standard & Poor’s 1200 Index.
