MOSCOW Russias Novolipetsk Steel (NLMK) has become the countrys largest steel producer.
The company produced 13.99 million tonnes of crude steel at its Russian facilities last year, up 24.5 percent from 2011, while total crude steel output of 14.92 million was up 25 percent.
The Lipetsk, Russia-based company, which previously ranked as Russias fourth-largest producer, displaced Evraz Holding OOO as the countrys top steelmaker. NLMK invested $2 billion in 2011 to increase its domestic capacity by 3.4 million tonnes per year (amm.com, March 27).
Magnitogorsk Iron & Steel Works (MMK) of Magnitogorsk, Russia, is now the countrys second-largest steelmaker, producing 12.25 million tonnes of crude steel last year, up 4.5 percent from 2011.
Moscow-based Evraz fell to third place, producing 11.68 million tonnes of crude steel domestically, a 4-percent decline from 2011.
Cherepovets, Russia-based OAO Severstal slipped to fourth place, with domestic crude steel output falling 7 percent to 10.55 million tonnes in 2012.
A version of this article was first published by AMM sister publication Steel First.