Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Saturday, April 29, 2017

CIS crude steel production up two percent in May

The production of crude steel by the Commonwealth of Independent States increased by approximately two percent year-on-year in May.

Citing data published by the World Steel Association, Scrap Monster reported that Kazakhstan produced 310,000 tons of crude steel, up by 12.6 percent; Moldova recorded 45,000 tons steel output during the month; crude steel production by Russia was up 0.6 percent to 6.053 million tons this May; and Ukraine's total crude steel output increased by 2.2 percent to reach 2.818 million tons.

However, Uzbekistan's crude steel output dropped slightly by 0.2 percent during May this year, and production by Belarus was down marginally by 0.8 percent to 230,000 tons.