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According to data from Chermet Corporation, a ferrous metals industry information analysis company cited by Russian media, Russia's steel production fell 5.1% year-on-year to 61.5 million tons in the first 11 months of 2025. M120-27S Grain oriented electrical steel, Finished steel production decreased by 4.8% to 53.8 million tons, while pig iron production fell by 1.6% to 45.9 million tons. Steel pipe production saw the largest decline, falling 18.4% year-on-year to 9.4 million tons, with a nearly 30% year-on-year drop in November alone.
During the same period, iron ore production increased slightly by 1%, but coking coal production (on a dry basis) decreased by 7% year-on-year.
Previous analysis indicated that Russian steel demand would decline by approximately 15% in the first 10 months of 2025; demand further fell to 9.2 million tons in the third quarter, a new low since 2015-2016. M120-27S Grain oriented electrical steel, Against the backdrop of weak demand and limited policy support, Russian steel companies have begun to reduce staff, currently focusing primarily on support roles.
