Russia s stainless steel production in the first quarter decreased by 12.1%.
2025-05-17 14:45:26
On May 6, 2025, the Federal State Statistics Service of the Russian Federation released a report titled "On the Socio-Economic Situation in Russia," which indicated that the metallurgical production index of the Russian Federation in March 2025 was 97.9% year-on-year, higher than the 97.2% recorded in the first quarter.
In March, the production of unalloyed steel ingots/other primary forms and semi-finished products decreased by 4.4% year-on-year to 4.8 million tons, but increased by 8.6% month-on-month. The cumulative production since the beginning of the year fell by 2.6% to 13.8 million tons. The production of stainless steel ingots/other primary forms and semi-finished products was 23,600 tons, down by 15.2% year-on-year but up by 6.4% month-on-month compared to February. From January to March, the production volume decreased by 12.1%.
In March, the total production of other alloy steel ingots/other primary forms and semi-finished products made from them was 1.3 million tons, up by 10.9% month-on-month compared to February but down by 5.1% year-on-year. In the first quarter of 2025, the production volume decreased by 10%.
Russian steel manufacturers produced 5 million tons of finished rolled products in March, down by 6.9% year-on-year but up by 10.4% month-on-month compared to the previous month. According to data from the Federal State Statistics Service of the Russian Federation, since the beginning of the year, the production volume has decreased by 5.2% to 14.4 million tons.
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