Russia sees modest rise in crude steel output
Russia's crude steel
production showed only a modest rise during the first seven months of 2005 due to rising raw material prices and insufficient
iron ore supplies.
Russia's Federal State Statistics Service reported that the country's crude steel
production rose 0.5 year on year to 38 million tons in the January-July 2005 period.
Steelmakers recording gains in
production included Novokuznetsk Metallurgical (NKMK) (15.7 percent), Urals Steel (6.2 percent), Nizhny Tagil Metallurgical Combine (NTMK) (5.8 percent), Oskol Electrometallurgical Combine (OEMK) (3.1 percent), West Siberian Metallurgical Combine (ZSMK) (2.5 percent) and
Severstal (1.2 percent).
On the other hand, crude steel
production fell 11.7 percent at Novolipetsk Metallurgical Combine (
NLMK), 2.4 percent at Magnitogorsk Iron & Steel Works (
MMK) and 0.8 percent at Chelyabinsk Metallurgical Combine (ChMK).