Steel Output Down In Russia

A report on the Russian website, Rusmet, reports that steel output in Russia in February fell by 29.8 % to 4.3 million tonnes in February 2009 YoY.

Steel output and finished products output in February 2009 decreased by 71.7% YoY. Production of cast iron and ferroalloys in February 2009 made 3.2 million tonnes - 26.7% less than in February 2008. Ferrous metals finished products output in February was3.8 million tonnes, 26.6% less than in February 2008.

Flat steel production in February 2009 decreased by 23.9% YoY compared to February 2008 to 1.6 million tonnes. However, this figure is 29.2% more than in January 2009. CR steel in February 2009 made 400,000 tonnes, 35.7 % less than in February 2008 but 36.7 % more than in January 2009. HR steel in February 2009 made 1.2 million tonnes which is by 18.2 % less than in February 2008 but by 26.6 % more than in January 2009.

Source: Steel Guru/Rusmet