Tag: Russian steel mills stare at 15 mnt capacity under-utilization in 2022

Russian steelmakers forecast a capacity under-utilization at the level of over 15 million tonnes (mnt) in 2022 compared to 2021. Russia’s annual crude steel production in 2021 was 76.3 mnt, which placed the nation in the fifth place in the ranking of global steel production. However, owing to a capacity underutilization this time around, Russia’s…