Name: 2024 Moscow International Metallurgy, Casting, Tube & Wire Exhibition, Russia

    Dates: 2024-06-04 to 2024-06-06

    Cycle: once a year

    Venue: EXPOCENTRE, Moscow, Russia

     Russia is the fifth-largest economy in Europe, with a total national GDP of $2.24 trillion in 2022, ranking eighth in the world. After the epidemic, under the influence of the continuous recovery of global tradethe Russian economy has recovered rapidly. With the deepening of economic exchanges between China and Russia in recent years, China has become Russia's largest trading partner, according to Chinese customs statistics, from January to May 2023, the trade volume between China and Russia was 93.806 billion US dollars, a year-on-year increase of 40.7%. After the collapse of the Soviet Union, Russia's predecessor, the demand for industry was mainly supplied by imports. The main buyers of machine tools in Russia are defense, aircraft, automobiles and heavy industry, as well as power engineering, shipbuilding and metallurgy, of which the defense industry is the largest buyer group.

       Russia International Machine Tool ExhibitionRussia Moscow International Metallurgy, Casting, Tube and Wire Exhibition (Litmash. Metallurgy. Tube. Wire Russia 2023) is held annually by the prestigious EXPO FUSION LLC exhibition company in Russia. In 2023, more than 300 exhibitors participated in the exhibition, attracting more than 8,000 professional visitors from all over the world.

       Exhibitors: 226 exhibitors from more than 30 countries and regions

       Professional visitors: more than 32,000

       Exhibition area: 41,000 square meters

       Post-exhibition data analysis: 87% of the exhibitors were satisfied with the exhibition effect, 86% of the exhibitors were satisfied with the exhibition effect, and 75% of the exhibitors were professional and technical personnel of wire rod and tube.

       1. Unlimited Business Opportunities:

        The favorable geographical location and low cost of steel production make Russia a country with a large number of iron ore and iron-making plants;The demand potential of the Russian pipe industry is huge, and foreign investors are very keen to invest in Russia; Russia, as a member of the BRIC countries, has a good economic development, and the steel industry is in a safe haven that can avoid global economic shocks.

      2. Market Analysis:

     According to the analysis report of the Russian steel industry, the Russian steel industry is developing very rapidly. Russia is expected to become a large steel export hub. The report highlights Russia's potential and prospects as a steel powerhouse. Some analysts point out that the Russian steel industry is in a safe haven that can avoid global economic shocks, and the demand potential of downstream industries such as construction, industrial engineering and pipe industry is huge, and foreign investors are very keen to invest in Russia. However, compared with other developed countries, Russia does not yet have perfect conditions for the wholesale distribution of steel products. Russia's three main steel-producing regions rely mainly on local trading companies, non-monopoly middlemen or metal traders, and these trade volumes account for only one-third of the total steel market. Therefore, the investment potential is huge.

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