Russia's finished steel output in October of this year amounted to 5 million mt, down 1.6 percent compared to September and down 0.5 percent compared to October of the previous year, according to Russia's Federal State Statistics Service (Rosstat). In addition, in the first 10 months of the current year Russian finished steel output went down by 0.6 percent year on year to 50.5 million mt.
In October alone, the country’s long steel production decreased by two percent year on year to 1.6 million mt, while in the first ten months long steel production decreased by 6.2 percent.
In October, flat steel production totaled to 2,1 million mt, down 1.1 percent year on year, but was up 0.8 percent in the first 10 months.
In October, Russia saw a 5.5 percent increase month on month in its large diameter pipe production to 296,000 mt, while in the January-October period production decreased by 18.5 percent. In total, in the first 10 months the country’s steel pipe production increased by 4.1 percent year on year to 9.6 million mt.