News. Russian ferrous metallurgy news - Russian Metallurgy news

Putin visited Magnitogorsk Iron and Steel Works (photos)

On the eve of Metallurgist Day, Vladimir Putin arrived on a working trip to the Ural Federal District. The first item on the agenda was a visit to the Magnitogorsk Iron and Steel Works (MMK). Accompanied by Minister of Industry and Trade Anton Alikhanov, Presidential Plenipotentiary Envoy to the Ural Federal District Artem Zhoga, Governor of the Chelyabinsk Region Alexei Teksler, as well as Chairman of the Board of Directors of Magnitogorsk Iron and Steel Works Viktor Rashnikov and MMK General ...

17 July 2025., 10:15 comment

On the eve of the industry holiday, Metallurgist's Day, the 300th issue of "Metal Supply & Sales" Magazine has been released

On July 14, the summer double print issue of “Metal Supply and Sales” Magazine went out of print. It turned out to be really special, timed not only to coincide with the upcoming professional holiday of metallurgists, but also to the 300th in a row! The electronic version has been published on the website, and the printed version will be sent to readers today. For almost three decades, 300 printed issues of the Magazine have been published with materials covering both the Russian metallurgical ...

15 July 2025., 10:30 comment

MMK launches production of unique Russian flat steel with innovative coating

Magnitogorsk Iron and Steel Works (PJSC MMK) has launched the production of flat steel products featuring an innovative corrosion-resistant coating based on a zinc-aluminum-magnesium (Zn-Al-Mg) alloy. The production technology for this unique steel product was developed by the Scientific and Technical Center of PJSC MMK in collaboration with specialists from the Chief Rolling Department. Flat steel with the new alloyed Zn-Al-Mg coating offers enhanced durability, reliability, and cost efficiency ...

15 July 2025., 10:15 comment

How Service Steel Centers support the development of Russian industry

In recent years, the Russian metal processing market has shown steady growth, largely driven by the need for technological sovereignty, active import substitution, and the adoption of modern manufacturing technologies. Following the exit of several foreign suppliers, domestic enterprises faced the challenge not only of maintaining previous production levels but also of ensuring product competitiveness in response to rising demands from clients across diverse sectors — from automotive and heavy ...

07 October 2025., 10:45 comment

Robotic Process Automation to deliver RUB 2 bln in savings across MMK Group by end of 2025

The integration of robotic process automation (RPA) at Magnitogorsk Iron and Steel Works (MMK) is expected to result in cumulative savings of RUB 2 billion by the end of 2025, according to Evgeny Tarabaev, the head of MMK’s Economics Department, who spoke at the software robotics conference “Next Connect: Fusion of Technologies” in Magnitogorsk. MMK has invested approximately RUB 4 billion in a variety of digital solutions and services over the past four years, resulting in savings of RUB 4.7 ...

07 October 2025., 10:15 comment

Trade between Russia, Saudi Arabia up by more than 60% in 2024 to $3.8 bln

Trade turnover between Russia and Saudi Arabia increased by more than 60% in 2024, to exceed $3.8 billion, Industry and Trade Minister Anton Alikhanov announced. "According to the results of last year, the volume of mutual trade increased by more than 60%, exceeding $3.8 billion. In the first quarter of this year, the pace increased even more. We have achieved a fourfold increase in trade turnover compared to the same period last year," he said at the business forum "Industrial Dialogue: Russia-Saudi ...

07 August 2025., 12:20 comment

Severstal to invest 5 bln rubles in developing Olenegorsk iron ore deposit

Olkon JSC (Olenegorsk Mining and Processing Plant, part of Severstal ) has launched an investment project to develop the Olenegorsk iron ore deposit, the company's press service said. "The project budget exceeds 5 billion rubles," Olkon General Director Nikolai Seleznev was quoted as saying. The investment plan involves open-pit mining until 2044-2045, transitioning to underground operations thereafter. Development requires relocating existing infrastructure including water pipelines, slurry ...

07 August 2025., 11:20 comment

New production of seamless stainless steel pipes in Russia

CYBERSTEEL – the enterprise in Pervouralsk, Sverdlovsk Region, launched a new production of seamless stainless steel pipes. Thanks to this, the company expanded the range of instrumental, heat-exchange and general-purpose pipes for knowledge-intensive industries, and also increased the production of steam generator pipes for nuclear power plants . The volume of investments in technical re-equipment amounted to 12 billion rubles. Of these, 5.2 billion rubles in the form of preferential loans ...

07 March 2025., 11:15 comment

Mechel discussing asset sales, primarily in energy sector

Mechel is discussing selling some of its assets, in particular, energy assets such as Kuzbassenergosbyt and the South Kuzbass State District Power Station, CEO Oleg Korzhov told journalists. "We are operating on the basis that we have assets which would not impact substantially on our cash flow and operations if we removed them from the group. For example, Kuzbassenergosbyt and the South Kuzbass State District Power Station. The same goes for another small plant, the Wartsila Hardware Plant, ...

07 February 2025., 10:40 comment

Abinsk Electric Steel Works has smelted 16 million tons of steel

Since 2013, Abinsk Electric Steel Works (AESW is part of the Novostal-M Holding) has smelted 16 million tons of steel. “This is not just a figure — it is a symbol of stable growth, a clear strategy, and team strength. The figures speak for themselves. AESW is operating at full capacity, and each year is higher than the previous one. Behind these results is the work of all workers and smelting cycles,” Novostal-M reports. Novostal-M is an active long-term participant of Metal-Expo exhibitions. ...

07 January 2025., 10:45 comment

Evraz to sell North American branch to Atlas investment fund, parties plan to sign deal in H2

Evraz has obtained an OFSI license to sell its North American branch to the Atlas Holdings investment fund, with plans to sign the deal in the second half of 2025, the company said in a statement. The terms of the sale include an advance payment of $50 million and a deferred payment of up to $450 million. The company said that the latter was "payable subject to the achievement of certain milestones by the North America business following the closing of the Sale". We invite you to take part in ...

07 January 2025., 10:15 comment

China increases steel exports to Russia

Amid weak domestic demand, China is ramping up its steel exports — including to Russia. In the first five months of the year, exports of iron, steel, and related products to Russia grew by approximately 16% in value terms, compared to an increase of just 1.3% in 2024. For now, exports are primarily focused on stainless and specialty steels not produced in Russia. However, in some Russian regions, standard construction-grade long products from China have already begun to appear. According to ...

30 June 2025., 11:38 comment

Russian steelmakers propose to index cutoff price for steel excise by inflation since 2022

Russian steelmakers are proposing to index the cut-off price used to calculate the excise tax on steel, which was set at 30,000 rubles per tonne in 2022, by accumulated inflation over the past four years, Severstal CEO Alexander Shevelev said in an interview with Interfax on the sidelines of the St. Petersburg International Economic Forum. "We have submitted our proposals to the relevant ministries. They are still being discussed. We don't know what the final decision on the excise will be," ...

30 June 2025., 10:15 comment

Russia’s steel output down 6.9% YOY in May

Steel production in Russia in May 2025 decreased by 6.9% year-on-year and amounted to 5.8 mln metric tons, according to a report by the World Steel Association (WSA). Steel production in the country within five months of this year lost 5.2% to 29.2 mln metric tons. In May 2025, China is reported to produce 86.6 mln metric tons, which is 6.9% less year-on-year. India produced 13.5 mln metric tons (+9.7%). Steel production in Japan lost 4.7%, to 6.8 mln metric tons and gained 1.7% in the United ...

26 June 2025., 10:36 comment

Cold June, Not hot July. Russian sheet steel and welded pipe market: June 9-18

Low demand was a problem, now it is becoming a curse for the Russian sheet steel market. Consumer activity has completely died down. In turn, distributors are reducing purchases of steel products from plants. Metallurgical plants, of course, are reducing output and/or exporting more rolled products, but the volumes of warehouse stocks at trading houses and independent metal traders, at a minimum, are not decreasing. Some metallurgical companies have not abandoned the idea of raising factory ...

20 June 2025., 11:03 comment

Severstal CEO does not rule out halting metallurgical production in Russia to balance supply

"In my opinion, we cannot even rule out halting some metallurgical production facilities in the Russian Federation to balance supply," Shevelev said during an interview with the Rossiya-24 television channel. "I hope it won't come to that, and we'll manage to somewhat loosen the tight grip of monetary policy in time. But currently, all signs indicate we might face situations including even halting operations at some plants with unfavorable production costs," he said. When asked whether Severstal ...

20 June 2025., 10:15 comment

Russian-Thai business dialogue launched at St. Petersburg International Economic Forum

On June 18, the St. Petersburg International Economic Forum started. 20,000 representatives from 140 countries confirmed their participation in the forum. Russian-Thai cooperation covers a wide range of areas - from trade and investment to technology and tourism. Both countries are actively developing partnership within the BRICS framework, discussing the creation of a free trade zone between Thailand and the EAEU, and exploring the possibility of settlements in national currencies. Thailand ...

19 June 2025., 10:04 comment

What to hold on to? Russian market of rolled products: June 6-16

The Russian market of steel products for construction purposes is increasingly approaching the state when "there is no money, but you hold on." First of all, the solvent demand for housing is declining, and distributors are losing not only the opportunity, but also the desire to launch new projects. Forecasts for the consumption of rolled products this year are becoming increasingly pessimistic. So far, the summer weather has generally supported suppliers of steel products, but the trends are ...

18 June 2025., 10:15 comment

Business is good on holidays

The analytical service of “Metal Supply & Sales” Magazine continues publishing the “MSS-TM index” (Market Temperature). The value of this index is determined through expert surveys on a weekly basis. The previous week was shortened due to holidays, but sales during these days went well. First of all, it was related to rebar, but also in the problematic sector of hot-rolled products there were shifts for the better. Consumer demand was also quite active. In particular, most experts do not see ...

17 June 2025., 10:15 comment

Dancing on an inclined plane. Russian and world market of rolled sheet products

The Russian market of flat rolled products continues to shrink. Distributors and producers of welded pipes are reducing purchases of hot-rolled sheet and coil due to the continuing narrowing of demand. And no matter how hard metallurgical companies try, surplus products are gradually accumulating in warehouses. This problem is not too acute yet, but in case of further decline in consumption it may become actualized. Despite all these negative trends, prices for steel products are still relatively ...

06 November 2025., 12:14 comment