Crude Steel Production by CIS Nations Surged in October

SEATTLE (Scrap Monster): The monthly production data published by the World Steel Association (worldsteel) suggests modest surge in crude steel output by the Commonwealth of Independent States (CIS) region in October this year.

The regional output posted an increase by 4.7% when matched with the previous year. The output totalled 8.393 million tonnes (Mt) in October 2020, when matched with the output of 8.015 Mt during the same month a year before.

The leading steel producer in the region was Russia. The Russian output totalled 6.050 Mt, accounting for approximately 72% of the total regional production. The Oct ‘20 output by the country has surged higher by 4.3% from 5.798 Mt in the same month a year before. Meantime, the output by Ukraine too reported surge by 5.9% over the year from 1.561 Mt to 1.653 Mt. Kazakhstan, the third largest regional steel producer, saw its output drop by over 3% year-on-year.

The cumulative crude steel output during the initial ten-month period of the current year totalled 82.684 Mt, which is marginally lower by 1.9% over the previous year. The crude steel production by the region had totalled 84.252 Mt from January to October in 2019. The top steel producers in the C.I.S region in Jan-Oct ’20 were Russia (59.327 Mt), Ukraine (17.963 Mt) and Kazakhstan (3.397 Mt).

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