Russia's
stainless steel
production fell in the first seven months of 2005 as
stainless steel
production became unprofitable.
Russia's Federal State Statistics Service said that the country's
stainless steel
production fell 40.8 percent year on year to 36'640 tons in the first seven months of the year.
Russia's largest
stainless steel producer Chelyabink Metallurgy Combine produced 4'550 tons of
stainless steel during the same period, down 83.1 percent from a year earlier.