Russia’s Jan-Oct stainless steel exports drop, stainless steel scrap exports hike y-o-y

According to statistics from the Russian Special Steel and Alloys Consumers and Suppliers Association (USSA), Russia’s stainless steel exports totaled around 10,200 tons in the first ten months of this year, dropping by 7% compared to the same period a year ago. In October alone, Russia’s stainless steel had a drop of nearly 33% to around 1,5 tons.  

In terms of stainless steel scrap, the exports volume amounted to around 104,900 tons in the January-October period, up by 5.1% year on year. The export value totaled US$162 million, a year-on-year hike of 52%. In October alone, Russia’s stainless steel scrap exports slid by 8.8% month on month, reaching roughly 11,800 tons. 

Besides, Russia’s stainless steel scrap imports amounted to around 368,200 tons in the first ten months of this year, up by 13.7% year on year. China was the main supplier of Russia’s stainless steel scrap during the period.