9,347.17 TL BIST 100 BIST 100
31.06 $ USD USD
€33.62 EUR EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Krasny Oktyabr maintains its leading position while increasing production

Russia’s Krasny Oktyabr stainless plant remains the leading manufacturer of stainless steel rolled products. The share of the mill accounted for 46.2% of total 2022 production in Russia.

Krasny Oktyabr maintains its leading position while increasing production

Last year, the company increased production of stainless long products by 6.7% on-year to 22,399 tonnes.

Krasny Oktyabr recently implemented a major project to upgrade and restore production equipment. Prior to stopping supply to Western Europe, the company claimed it had not experienced volume losses.

Russian production of stainless steel increased in 2022 to 260,000t, up by 17.6% on-year. Due to conservative usage in Russia's protected industries and government orders, domestic product demand is still stable.

In the Volgograd region, Russian authorities intend to construct a stainless steel production competence center.

Due to Russia's invasion of Ukraine, stainless steel exports from Russia fell to only 9,050t in 2022, a 31.4% year-over-year decline. Due to the new sanctions imposed against Moscow, stainless steel imports fell to 372,070t, a 19.6% decrease.


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

Billet prices react to changing demand in Türkiye, Russia and Ukraine

Sunday, February 25, 2024

Metinvest's 2023 steel production declined

Sunday, February 25, 2024

Minister Özhaseki warns about "carbon footprint"

Sunday, February 25, 2024

Japan to provide $4.86 billion in incentives for chip

Sunday, February 25, 2024

Uncertainty prevails in the East Asian steel market

Saturday, February 24, 2024
Follow List
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