CIS crude steel output drops by 5% in February, Worldsteel says
CIS steelmakers produced an estimated 8.19 million tonnes of crude steel in February, down by 5% year-on-year, the World Steel Assn (Worldsteel) said on Thursday March 20.
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The figure includes actual production volumes for Russia and Ukraine, and estimates for Kazakhstan, Belarus, Uzbekistan and Moldova.
Steel mills in Russia – by far the largest producer in the region and the fifth-largest in the world – produced a total of 5.34 million tonnes of crude steel in the month, down by 3% year-on-year.
Slow export demand has had an effect on production.
Crude steel output in Ukraine, the region’s second- and the world’s tenth-largest steelmaker, was 2.35 million tonnes in the month, down by 11% year-on-year.
Kazakhstan boosted its crude steel output by 13% year-on-year to an estimated 255,000 tonnes.
Belarus estimated steel production fell by 26% in the same comparison to 150,000 tonnes.
Uzbekistan reduced its crude steel output by 1% year-on-year to an estimated 55,000 tonnes.