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Evraz and Severstal drop in World Steel ranking and Metinvest climbs to 24th
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Monday, 11 Jun 2012
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Interfax reported that Russian steelmakers lost ground in 2011 in the ranking of steel producers that are members of the World Steel Association, while Ukraine Metinvest moved up two rungs.

The largest Russian producer in 2011 was Evraz, in 17th place with output of 16.8 million tonnes down from 15th in 2010 though production was up from 16.3 million tonnes. Severstal plunged to 23rd from 12th in 2010 as its production dropped to 15.3 million tonnes from 18.2 million tonnes.

Magnitogorsk Iron & Steel Works fell to 30th from 23rd, though it increased production to 12.2 million tonnes in 2011 from 11.4 million tonnes in 2010. Novolipetsk Steel slid to 31st from 22nd with output up to 12.1 million tonnes from 11.9 million tonnes.

The list of the top 40 world steel producers is rounded out by Ukraine Industrial Union Donbass with output of 8.9 million tonnes. A year earlier, Hadeed was 40th with output of 5 million tonnes.

Source - Interfax

(www.steelguru.com)

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