Russkaya Stal (Russian Steel), a non-profit association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.53 million metric tons of finished steel in October this year, up 3.8 percent from September and unchanged compared to October last year. Finished steel production of the member enterprises came to 45.1 million mt in the January-October period this year, down three percent compared to the same period last year.
Finished steel shipments of Russian Steel member companies to domestic end-users in October were down by 6.5 percent month on month to 2.53 million mt and down 4.7 percent compared to October 2012. In the first 10 months this year, Russian Steel member companies shipped 26.4 million mt of finished steel to the local market, up 0.4 percent year on year.
Members of Russian Steel exported 2 million mt of finished steel in October this year, up 20.7 percent compared to September and up 6.7 percent compared to October last year. In the January-October period, finished steel export shipments of the member companies amounted to 18.7 million mt, down 6.9 percent year on year.
Members of Russian Steel account for around 96 percent of the pig iron produced in Russia as well as around 90 percent of domestic crude and finished steel production.