Steel industry in Russia - statistics & facts
Production of steel — an alloy of iron, carbon, and sometimes other elements — is a major segment of Russian ferrous metallurgy, along with iron making. Having inherited a strong industry from the Soviet period, Russia ranks fifth by monthly crude steel production, following China, India, Japan, and the United States. Roughly 65 percent of steel produced in Russia is obtained using the basic oxygen furnace, a method in which oxygen is blown into molten pig iron in a converter. The country's largest steelmakers in 2023 were Novolipetsk Steel (NLMK), Magnitogorsk Iron & Steel Works (MMK), Severstal, and Evraz.
