According to the data issued by Russia's Ministry of Economic Development, in the first two months of 2011 Russia registered a 9.8 percent year-on-year increase in its finished steel product output to 9.6 million mt.
According to the ministry's preliminary data, in January-February this year, NLMK's Nizhneserginsky Metalware-Metallurgical Plant (NSMMZ) increased its finished steel product output by 55.6 percent to 290,000 mt, Magnitogorsk Iron and Steel Works (MMK) raised its finished steel product output by 22.5 percent to 1.902 million mt, Mechel's Chelyabinsk Metallurgical Plant saw its finished steel output increase by 19.1 percent to 534,000 mt, Evraz's Novokuznetsk Iron and Steel Plant, West-Siberian Steel Works (ZapSib) and Nizhny Tagil Iron and Steel Works (NTMK) registered 20 percent, 4.8 percent and 4.5 percent increases in finished output to 240,000 mt, 962,000 mt and 647,000 mt respectively, while Severstal Cherepovets increased its finished steel output by 9.7 percent to 1.64 million mt.
Meanwhile, during the period in question, year-on-year decreases in finished steel product outputs were registered by Metalloinvest subsidiaries Oskol Elektrometallurgical Plant and Ural Steel - down 5.9 percent and 27.6 percent to 433,000 mt and 316,000 mt respectively, and by Novolipetsk Steel's (NLMK), the finished output of which decreased by 6.7 percent to 1.366 million mt.