MINERAL RESOURCE INDUSTRY OF RUSSIA IN THE WORLD MARKET: CURRENT DEVELOPMENTS

The results of original scientific research of the estimation of prospects and restrictions of mineral resource industry activity of Russia in the world market under present-day conditions have been presented in the article. It has been shown that the mining branch is one of the traditional indicators of economic development of the country. The estimation of volumes of iron ore output, the analysis of main domestic and foreign sale markets, the forecast of mining and other metallurgical enterprises development give the detailed picture of economic situation in which the state is. Production functions of mining enterprises of ferrous metallurgy form among others Gross Regional Product of Russian Federation. Deep integration into world economic space became one of acquired features of the branch. At present the processes of globalization and deepening of integration of the countries extracting iron ore in the system of world economic relations are on the rise. The World Trade Organization role as regulator of trade relations between manufacturers and production consumers including iron ore amplifies in the international market. Never before mining enterprises of ferrous metallurgy participated in such sharp struggle for leadership in global competition. Never before technical and technological backlog of the industry was perceived so sharply, other system problems. In the article the place of Russian mineral resource industry in the world production structure has been determined. The estimation of iron ore reserves which are supervised by leading world ferrous metallurgy corporations has been given.

The study has been supported by the Russian Humanitarian Science Foundation, Grant No. 15-0200127.

Keywords

Mineral resource industry, ferrous metallurgy, metal production, indicator of economic development of the country, world ferrous metallurgy corporations, integration, structure of the production of the iron ore.

Issue number: 3
Year: 2017
ISBN:
UDK: 339.97
DOI:
Authors: Samarina V.P.

About authors: Samarina V.P., Doctor of Economical Sciences, Assistant Professor, Professor, Stary Oskol Technological Institute named after A.A. Ugarov, National University of Science and Technology «MISiS» branch, 309530, Stary Oskol, Russia.

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MINERAL RESOURCE INDUSTRY OF RUSSIA IN THE WORLD MARKET: CURRENT DEVELOPMENTS

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