Russia's 2025-2026 Steel Plate and Strip Production to Decline by 2.1%
2026-05-06 14:10
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en.Wedoany.com Reported - According to the draft federal budget for 2025-2026, Russia's total ferrous metal production in 2026 is projected to reach 31.8 million tonnes, a decrease of 3.6% compared to the preliminary estimate for 2025. Among this, the production of steel plate and strip is expected to be 7.8 million tonnes, down 2.1% from 2025.

The 2026 output of various steel products also shows varying degrees of change. Production of wire rod and sections is projected at 2.8 million tonnes, a significant drop of 22.4%; aluminum and aluminum alloy production is expected to be 8.6 million tonnes, down 3.8%. Steel pipe products, however, are bucking the trend, with steel pipe output projected at 6.5 million tonnes, an increase of 4%, and stainless steel pipe output expected to reach 1 million tonnes, a surge of 14.4%. Welding consumables are also growing, with electrode and welding wire production projected at 93.3 thousand tonnes, an increase of 24.3%. As basic metal rolled products, the downward trend of steel plate and strip aligns with the overall contraction of the steel industry.

Beyond the aforementioned categories, zinc and lead production is projected at 274.6 thousand tonnes, an increase of 14.7%. The series of production forecast data disclosed in the draft federal budget outlines a picture of structural adjustment for Russia's metal industry between 2025 and 2026. Overall, the output of bulk metal materials like steel plate and strip is shrinking, while some downstream processing and specialty metal products continue to see capacity expansion.

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