According to preliminary data from Chermet Corporation, steel production in Russia in October fell by 2% in annual terms, to 5.2 million tons, Kommersant writes. Finished steel output fell by 4.7% to 4.4 million tons. In just ten months of 2026, Russian metallurgists will produce 54.4 million tons of steel, which is 3% less than the same period last year. Analysts attribute the decline to a drop in domestic demand and logistical problems in exports.