10,081.00 TRY BIST 100 BIST 100
4.81 CNY CNY CNY
34.76 USD USD USD
36.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.82 TRY Interest Interest
71.52 USD Fossil Oil Fossil Oil
31.03 USD Silver Silver
4.19 USD Copper Copper
103.01 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,640.09 TRY Gold (gr) Gold (gr)

Imports of stainless steel products to Russia decreased

Compared to January, the amount of stainless steel products imported to Russia decreased. The numbers announced...

Imports of stainless steel products to Russia decreased

Compared to January, the amount of stainless steel products imported into Russia decreased by 37.5% to 21,718 tons. Import volume decreased by 52.7% compared to February 2022. Experts believe that the prolonged New Year's holiday period, the disposition of Asian suppliers, and the increased cost of freight are to blame for the sudden drop in imports.

Numerous Asian suppliers raised their export prices at the end of 2022 and the beginning of 2023, which naturally made it more difficult for Russian importers to place orders.

Compared to January, the volume of imported stainless steel cold-rolled flat products fell by 28.7%, hot-rolled flat products by 48.1%, welded pipes by 25.0%, long products by 49.3%, seamless pipes by 55.4%, and wire by 53.8% in February 2023. Despite being only 28 tons, the volume of primary blank imports increased by 125.8%.

An analysis of the changing geography and medium-term prospects of imports from Russia will be presented at the 9th International Conference on "Stainless Steel and the Russian Market", which will be held in Yekaterinburg on April 6-7, 2023 by the Special Steels Association.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EUROFER and industriAll Europe urge attention for Steel Action Plan

Monday, December 9, 2024

India’s wire rod imports on the rise

Monday, December 9, 2024

Brazil’s iron ore and pig iron exports show seasonal changes

Monday, December 9, 2024

ArcelorMittal to close Olpe Warehouse

Monday, December 9, 2024

Rebar prices in Egypt show mixed trends amid currency fluctuations

Monday, December 9, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now