Russkaya Stal (Russian Steel), a non-profit association of Russian domestic steelmakers, has stated that its member companies produced 4.8 million mt of finished steel products in August of this year, down 1.2 percent month on month and declining by 1.2 percent year on year. In the same month, the companies’ steel tube production totaled 566,000 mt, increasing by 1.8 percent compared to July this year and up 7.7 percent compared to August 2014.
During the first eight months of this year, Russian Steel member companies’ finished steel products output almost remained stable at 37.89 million mt, while their steel tube production totaled 4.47 million mt, increasing by 14.9 percent, both year on year.
In August of the current year, Russian Steel member companies’ shipments of finished steel products to the local market amounted to 2.96 million mt, increasing by 1.0 percent month on month and decreasing by 4.1 percent year on year, while shipments of steel pipes to the local market totaled 506,000 mt, recording an increase of 3.5 percent compared to July and increasing by 21.3 percent compared to the same month of the previous year.
In the January-August period, the shipments of rolled steel products to the local market fell by 6.3 percent year on year to 21.19 million mt, while shipments of steel tubes to the local market in the given period increased by 24.8 percent year on year to 3.97 million mt.