Interfax quoted an Industry and trade Ministry source said Russia cut crude steel production 32.2%YoY in January to April to 17.2 million tonnes.

Converter steel production fell 26.1% to 10.67 million tonnes, and electric steel production fell 29.4% to 5 million tonnes. Pig iron production plummeted 30.8% to 12.5 million tonnes.

Finished roll production dropped 29.1%YoY to 14.98 million tonnes. The source said only one steel plant, Metalloinvest's Oskol Electrometallurgical Combine ran at full capacity. The others cut output 12% to 75%.

Output of long products shrank 29.5% to 8.59 million tonnes, stainless steel down by 60% to 17,200 tonnes and flat products down by 18.2% to 6.3 million tonnes.

(Sourced from Interfax)