Russian stainless steel imports down by 50pct YoY in 8 months
According to Spetsstal's appraisal, the volume of imports of stainless steel products to Russia in January to August 2009 period is down by 50.3% YoY to 59506 tonnes.
The major losses were observed in imports of flats (-56.9%), wire (-54.1%), seamless tubes (-45.7%), longs (-42.2%) and welded tubes (-28.4%). The only sector of stainless steel imports that saw a rise was slabs with +4.7%.
The volume of stainless steel imports to Russia in August 2009 decreased by 24.6% YoY to 5799 tonnes. This figure is the lowest result in 2009.
The falling imports lead to supply deficit in the sector of immediate delivery. Already now Russia’s inner market is lacking supply of flat products from main stainless steel grades.
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