To the issue of transformation of the strategic planning system in the mining and metallurgical industry

A. Ev. Nevolin (), A. E. Cherepovitsyn () and V. M. Solovyova ()

Russian Journal of Industrial Economics, 2025, vol. 18, issue 2

Abstract: The mining and metals industry is one of the strategically important sectors of the Russian industry and offers vast opportunities for future development. The widespread use of metals as part of Industry 4.0 and “green†trends is stimulating demand for them, opening up new prospects. At the same time, the metals industry also faces a signiï¬ cant number of challenges that need to be addressed in a timely manner. These include growing trade barriers, lack of investment resources, limited access to foreign technologies, high volatility of macroeconomic parameters and others. The efï¬ ciency of the industry’s development in the long term depends on the ability of companies to adapt to new realities and the flexibility of their strategies. Under such conditions, the role of strategic management and planning in the metallurgical industry at both the state and corporate levels is particularly important. The study reviews the current trends and tendencies in the development of the global metallurgical industry, as well as identiï¬ es the conditions for the functioning of Russian companies. A critical analysis of the system of strategic planning of the industry development is presented. A review of long-term strategies of leading Russian metallurgical companies, such as PJSC MMC Norilsk Nickel, JSC Ural Mining and Metallurgical Company (UMMC), JSC Russian Copper Company, JSC EVRAZ, JSC Mechel, PJSC Severstal, JSC Metalloinvest. A conceptual approach to strategic planning for the development of the Russian metallurgical industry is proposed, taking into account the nature and direction of modern challenges facing the industry. Practical recommendations aimed at improving the management of long-term development of the Russian mining and metallurgical sector have been developed.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2025:id:1379

DOI: 10.17073/2072-1633-2025-2-1379

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