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Ministry of Industry and Trade: the loading level of ferrous metallurgy in Russia is 95%

Photo by A. L. on Unsplash

“Capacity utilization in ferrous metallurgy now stands at 90-95%. This is a very decent indicator,” TASS quoted him as saying.

According to him, metallurgists had a dip in the spring – early summer of 2022, but the situation has stabilized.

“At us even scrap increased in price by 46%, because this raw material is in huge demand among steel companies, and because all Russian enterprises are well loaded with orders and actively working,” he noted.

Earlier, the head of the Ministry of Industry and Trade Denis Manturov said about a multiple increase of the state defense order in Russia in 2023.

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