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Anticipated Surge in Steel Production by the Ministry of Industry and Trade

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Moscow, May 25 – The Ministry of Industry and Trade of the Russian Federation expects steel production in the Russian Federation in 2023 to increase by 4-5% compared to last year – up to 74-75 million tons – while maintaining the positive dynamics of its production, Deputy Prime Minister Denis Manturov told reporters.
“Since the beginning of the year, we have seen a generally positive trend in the metals sector. As I said, the workload of enterprises is almost 100%. This is mainly due to the growth of the domestic market, as well as an increase in export shipments to the markets of friendly countries, and therefore, according to The results of the first quarter, steel production is almost at the record level for 2021 – 18.7 million tons, and this is a very high figure. On the sidelines of the Metalloobrabotka exhibition.
“At the end of the year, if we continue to work in the same spirit, we will reach 74-75 million tons, which is 4-5% more than last year,” said Deputy Prime Minister – Head of the Ministry of Industry. and trade.
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