Leading steel companies in Russia 2021, by production

Novolipetsk Steel, or NLMK, was the leading steel company in Russia in 2021, having produced 17.29 million metric tons of steel. The second largest production volume was recorded for MMK at approximately 13.6 million metric tons. The revenue of MMK reached 6.4 billion U.S. dollars in 2020. The third leading producer was Evraz. Even though it was headquartered in the United Kingdom (UK), Evraz was founded in Russia, and Russia was one of its major regions for steel operations.

Russian steel industry overview

In 2020, Russia was the fourth-largest steel market after China, the European Union (EU), and Japan, having produced over 73 million metric tons of steel. Furthermore, it is one of the largest steel exporters worldwide. The country has more than 20 steel plants, most of which are based on electric and blast furnaces.

Leading steelmakers worldwide

The world’s major steel-producing companies were China Baowu Group and ArcelorMittal (Luxembourg). They also topped the global ranking of steelmakers by revenue. Among the 10 producers with the highest crude steel production volumes, most were headquartered in China. Russian NLMK ranked 22nd, while Evraz placed 30th.