Steel production in the CIS countries has significantly decreased

Steel production data for July published by the World Steel Association (Worldsteel) indicate a marked decline in steel production in the Commonwealth of Independent States (CIS) region in July this year. Production in the region decreased by 5.8% compared to the previous year. Smelting was 8.091 million tonnes, up from 8.588 million tonnes in the same month a year earlier.

Steel production in Russia amounted to 5.800 million tons, which is 5.0% less than in July last year – 6.106 million tons. Meanwhile, smelting in Ukraine also showed a slight decrease of 1.9% y /y from 1.784 million tons to 1.751 million tons. In Kazakhstan, the third largest regional steel producer, production fell by almost 40% compared to the same period last year. The monthly steel production in other countries in the region is: Belarus (210,000 tons), Uzbekistan (70,000 tons) and Moldova (20,000 tons).

The total production of crude steel in the first seven months of this year amounted to 57.010 million tons, which is 4.3% less than in the previous year. From January to July 2019, steel production in the region amounted to 59.584 million tonnes. All countries except Uzbekistan reported a decline in production compared to the same period last year.

The largest steel producers in the CIS region in January-July 2020 were Russia (41.054 million tons), Ukraine (11.855 million tons) and Kazakhstan (1,900 million tons).

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