CIS crude steel output drops further in Feb '15

MOSCOW (Scrap Monster): According to the recent data published by the World Steel Association (World Steel), the crude steel production by Commonwealth of Independent States (CIS) declined by 6.0% during the month of February year-on-year.

The total crude steel production by Byelorussia surged higher by 28.9% during February this year to 205,000 tonnes from 159,000 tonnes in February 2014.  Kazakhstan produced 231,000 tonnes of crude steel, down 10.7% when compared to 259,000 tonnes production achieved during February last year. Moldova recorded 19,000 tonnes steel output during the month. The total crude steel production by Russia was up by 5.6% from 5.435 Million tonnes in February 2014 to 5.739 Million tonnes this February.

There was marked decline in Ukraine’s crude steel output in February. Ukraine’s total crude steel output declined sharply by 33.2% to 1.588 Million tonnes in February 2015 when compared with the output of 2.377 Million tonnes during February last year. Also, Uzbekistan’s crude steel output declined by 14% during the month.

The following table provides cumulative crude steel output for the first two months in 2015 in comparison with those during same period in 2014.

Note: Output in thousands of tonnes