INTERNATIONAL INTRA­INDUSTRY TRADE IN FERROUS METALLURGY

Abstract

The article presents the results of analysis of the global international intra-industry trade in metal products, its structures and trend of changes. It is clear that the international intra-industry trade in the global steel industry is actively developing. The level of international intra-industry trade in the Russian steel industry is much inferior to its level in the countries – largest producers of steel metal. Russian international intra-industry trade is carried out on a horizontal level. Unlike largest steel producers , Russia does not use in its foreign trade activity the international vertical intra-industry trade The trend of the Russian international intra-industry trade does not match its optimal trajectory. The preservation of this trend presents the risk that Russia will be involved in intra-industry trade in metal vertical intra-industry trade with unprofitable trade position when metal products of first production phase will be exported and products of the last phase will be imported. For planning, analysis and assessment of international intra-industry trade as a factor to increase the economic efficiency of metallurgical production, an index “the international intra-industry trade in the apparent steel use” is proposed. This index is in Russia considerably inferior to international leading steel producers. The positive trend and the increased role of international intra-industry trade in the Russian economy can be achieved on the basis of changes in development strategies of domestic steel companies by implementing the concept of non-property integration forward on the basis of the proposed organizational-economic mechanism of niche products output.