Abstract
The article presents the study of the main integration processes in the metallurgical industry in Russia and Kazakhstan in the context of business transformation, as well as demonstrates the key risks under current conditions and the main problems. Promising areas in the development of integration between the two countries have been formed in the course of the research.
Highlights
Metallurgy is considered to be the basis for the industrial development, providing structural materials for industries such as mechanical engineering, automotive industry, machine tool engineering, construction, shipbuilding
Ferrous metallurgy considerably contributes to the development of the national economy of Russia and Kazakhstan
In iron and steel industry of Russia there is a growth trend owing to non-ferrous metallurgy, while there is a downward trend in the ferrous metallurgy due to a decrease in exports
Summary
Metallurgy is considered to be the basis for the industrial development, providing structural materials for industries such as mechanical engineering, automotive industry, machine tool engineering, construction, shipbuilding. Basic industries form the core of manufacturing industries and make a significant contribution to the country's GDP. Ferrous metallurgy considerably contributes to the development of the national economy of Russia and Kazakhstan. The share of the GDP of ferrous metallurgy constitutes 1.9 % in the country's GDP and 16 % in the manufacturing industry. In Russia, ferrous metallurgy is a system-forming industry and is considered to be a key consumer of electricity and transportation services. The share of the metallurgical industry in general in Russia's GDP is about 5 %. The level of development of iron and steel industry affects the basic sectors of the economy, namely, manufacturing, fuel and energy complex, construction, which in aggregate account for 58% of GDP
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