Russian steel industry

The Russian steel industry is a vital sector that produces steel used in construction, manufacturing, and export markets. Russia has abundant natural resources, including iron ore and coal, essential for steelmaking. Major companies, like Novolipetsk and Severstal, operate large steel plants, mainly in the western and eastern regions. The industry is influenced by global markets, energy costs, and technological advances. It plays a key role in Russia’s economy, providing employment and supporting infrastructure development. Despite challenges from international sanctions and competition, Russia remains a significant player in the global steel supply chain.