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Russian steel production shows a decline

Despite a general decline in steel production volumes in Russia between January and April 2024, some segments, such as steel pipe, showed growth in certain months.

Russian steel production shows a decline

In the first four months of 2024, 18.8 million tonnes of crude steel in ingots and semi-finished products were produced, 5.2% lower than in the same period of the previous year. Production volumes in April decreased by 10.9 % compared to April 2023 and by 6.3 % compared to March 2024.

Finished steel production in January-April 2024 was 20.5 million tonnes, down 3.3% from the same period last year. The decrease in April was 6% compared to April 2023 and 2.4% compared to March 2024.

Steel pipe production in April 2024 increased by 4.9% yoy, while it decreased by 1.8% compared to March 2024. In the first four months of 2024, steel pipe production was 4.2 million tonnes, down 5.5% compared to January-April 2023.

Pig iron production was 17.3 million tonnes in the first four months of 2024. Pig iron production in April decreased by 9.9% yoy and by 6.3% compared to March 2024.

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