Jaway Stainless Steel

Russian stainless steel imports are high while exports are even higher

According to SpetsStal, stainless steel imports to Russia in June 2013, compared with the previous month's figures, rose 4.5% to 18,727 tonne. Imports of flats increased 8.1%, longs 3.8%, welded tubes 20.5%. Imports of wire decreased 32.3%, seamless tubes 16.1% and slabs/ingots 78.5%.

In 1H 2013, compared with the equal period of 2012, stainless steel imports to Russia rose 8.8% to 115,741 tonne. A major growth was due to increasing imports of stainless steel flat rolled products by 15.6%, welded tubes 8.1% and slabs/ingots 47.5%. However, imports of long products decreased 8.1%, wire 30.6% and seamless tubes 21.7%.

It is worth reminding that over the period from January to June 2013, if compared with the same period of 2012, Russia's stainless steel exports grew 291.3% to 14,060 tonne.