Russian Steel announces results for March and 1Q 2014

Russian Steel, a non-profit partnership, produced 4.7 million tonnes of finished steel in March 2014, increasing output by 0.5 percent compared to March last year and 11 percent compared to February this year.

During the first quarter of 2014, the production of finished rolled products, which includes slabs, billets, rolled sheet, decreased by 0.76 percent compared to the same period last year and amounted to 13.5 million tons.

In March 2014, the enterprises of NP Russkaya Stal supplied 2.7 million tonnes of rolled metal to the domestic market, which is 1.56 percent less than the same period in 2013, but 17.7 percent more than in the previous month of 2014 percent.

The supply of rolled products to the domestic market in the first quarter of 2014 amounted to 7.4 million tons, having decreased by 0.6 percent compared to the corresponding period of 2013.

Exports of enterprises of the NP "Russian Steel" members in March 2014 increased by 3.5 percent compared to March last year and reached 1.99 million tons. However, in general, for the first quarter, export volumes decreased by 0.9 percent and amounted to 6.1 million tons.

Russian Steel brings together the leading manufacturers of steel products and produces 98 percent of pig iron, 90 percent of finished rolled metal products, 60 percent of pipes and a significant share of raw materials for metallurgy from all-Russian production volumes.