OAO Severstal Billionaire CEO Alexey Mordashov

OAO Severstal Billionaire CEO Alexey Mordashov

Andrey Rudakov/Bloomberg

OAO Severstal billionaire Chief Executive Officer Alexey Mordashov said, “We see global steel demand growing by 3.5 percent to 4 percent this year, but the shutting of capacities is going slower.”