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The article reports on the Russian government's meeting on January 31, 2013 where President Vladimir Putin expounded on how the raw materials model of development has run its course and Prime Minister Dmitry Medvedev's declaration of a "five-year plan of effective development" in diversified industries to push a 5% annual economic growth. It mentions how those who attended did not hesitate to hold back criticisms such as the lack of a new model to follow and a plan to accelerate the economy.

The article reports on the decision of Prime Minister Vladimir Putin to cancel metal purchases for a national reserve in Russia. It cites that Putin has dispelled the hopes of metal-producing company owners that they could avoid a decline in metal prices and the closure of business enterprises with the help of such purchases. However, metal industry analyst Nikolai Sosnovsky believes that the decision will not have any serious impact on the ferrous metals industry.