Russian Metallurgy in Deep Crisis: Production Fell by a Record 10%.

According to inkorr.com: In Russia, metallurgy is experiencing one of the deepest crises in recent years due to the conflict with Ukraine. According to Rosstat, in July, the production volumes of metallurgical products decreased by 10.2%, which is a record over the last three and a half years.

The Center for Counteracting Disinformation provides examples of key enterprises that have suffered significant losses: the Magnitogorsk Iron and Steel Works reduced its steel production by 18%, Mechel cut sales by 11%, and the Pipe Metallurgical Company lost up to 22% of sales. In total, industry enterprises warn of billion-dollar losses.

The metallurgical sector in Russia is experiencing significant losses due to the conflict, which has led to serious consequences for the country's economy.

Conclusion

The metallurgical industry in Russia is facing a serious crisis due to its involvement in the conflict with Ukraine, leading to a sharp drop in production and significant losses for leading enterprises in the industry. This crisis has become one of the biggest challenges for the Russian economy in recent years.