9,097.15 TL BIST 100 BIST 100
31.35 $ USD USD
€34.05 EUR EUR
4.37 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.26 TL Interest Interest
83.55 $ Fossil Oil Fossil Oil
23.12 $ Silver Silver
3.85 $ Copper Copper
113.89 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,100.60 TL 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

Suez Steel company cuts rebar prices, boosting construction sector prospects

Saturday, March 2, 2024

Global steel sheet markets remain flat; Türkiye's spot market recorded a decrease

Wednesday, February 28, 2024

US steel imports up by 21.7% m-o-m in January 2024

Thursday, February 29, 2024

Vietnam's steel exports and imports increased

Friday, March 1, 2024

Hot rolled coil prices drop in Vietnam

Friday, March 1, 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