Assessment of the Competitive Advantages of Large-Scale Russian Metallurgical Business on the Global Steel Market

The authors identify patterns and assess the competitive advantages of the development of Russian business in the country’s metallurgical sector; moreover, they carry out a comparative analysis of the domestic steelmaking production with analogous production in the leading countries in the world metallurgy. Based on an analysis of retrospective information on market concentration and liquid steel production indicators in the TOP-10 countries, as well as the gross domestic product of these states for 2009–2023, they obtained data to assess the potential opportunities for business development in the metallurgical sector of the domestic and global economies. Estimated indicators of competitive relations between the Russian steelmaking sector and the corresponding production in the TOP-10 countries are determined using a direct competition indicator, namely, absolute entropy, and an indirect indicator, namely, the Herfindahl–Hirschman index, for 2009–2023. A general trend toward monopolization in the production and economic sphere of the metallurgical sector of the global economy has been revealed, and the prospects for a positive positioning of the domestic steelmaking cluster in the global development of metallurgy are evaluated.