Russia’s industrial production in December 2020 declined by 0.2pc as compared to the same month in 2019, according to data provided by the State Statistics Service Rosstat.The country’s industrial output has been gradually improving since May 2020 when it declined by 8pc from the previous year.
Metallurgical production in December fell by 1.1pc from the same month year prior but grew by 4.8pc as compared to November 2020.
Long products and hot-rolled steel wire rod output in December 2020 grew by 8.4pc to 1.4mn from Dec 2019 and by 8.8pc as compared to November 2019.
Unalloyed steel ingots or other primary forms, and unalloyed steel semi-finished products in December grew by 9.2pc to 5.4mn mt from the same month in 2019 and by 10.1pc as compared to the prior month, while Pig iron output rose by 0.3pc to 4.5mn mt from the prior year and by 5.7pc as compared to Nov 2020.
Russia’s production of alloy steel in ingots and other primary forms, and alloy steel semi-finished products in December stood at 1.26mn mt, down by 11.4pc from Dec 2019, but up by 12.8pc as compared the previous month.
The country’s production of cold-rolled steel sheet without additional processing with a width of at least 600 mm in December 2020 stood at 682,550mt, down by 2.1pc from the same month in the previous year, but up by 3pc from November 2020.
Russia’s production of sheet metal from clad, galvanized or other coated unalloyed steels with a width of at least 600 mm in December stood at 471,240mt, up by 2.4pc than the same month in 2019 and by 2.7pc as compared to the preceding month.
2020 industrial production
In 2020, (Jan-Dec), the country’s industrial production declined by 2.9pc as compared to 2019 due to a drop in commodity extraction.
Manufacturing production grew by 4.4pc from the previous year, the highest growth since March 2020 before the COVID-19 pandemic hit economies across the globe.
Metallurgical production in 2020 decreased by 2.4pc. Of which, long products and hot-rolled steel wire rod output stood at 16.4mn mt, up by 4.6pc from the previous year.
Unalloyed steel in ingots or other primary forms, and unalloyed steel semi-finished products output stood at 58.8mn mt, up by 0.7pc from the preceding year, while Pig iron output grew by 1.5pc to 52mn mt as compared to 2019.
In 2020, Russia produced 14.8mn mt of alloy steel in ingots and semi-finished products, witnessing a decline of 3pc as compared to the preceding year, while production of cold-rolled steel sheets with a width of at least 600 mm fell by 4.6pc to 7.9mn mt as compared to 2019.
Russia’s sheet metal output from clad, galvanized, or other coated unalloyed steels, with a width of at least 600 mm, fell by 0.5pc to 5.7mn mt as compared to the previous year.
Russia’s economy was less affected by the pandemic as compared to other European countries and is expected to recover in 2021, as per media reports.