08 November 201109:19
Steel output of Evraz Group, NLMK goes down
Russia’s metallurgical companies have felt the impact of the global market changes that first occurred in August 2011: the Russian holdings’ steel output went drastically down in September and reached the year’s lowest point. The official reason for the plunging output is said to lie in the seasonal consumption variations, Kommersant reports. According to Metal Courier’s statistics, Russia’s total steel production dropped by nearly 5% in September 2011 compared to August 2011 and came to 5.4m tons. In comparison with January, the output declined by 8.6% and in comparison with over 6m tons of