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Russia’s stainless steel imports down 9.3% in June from May

2023-07-24
Russia’s stainless steel imports down 9.3% in June from May

In June this year, Russia’s stainless steel imports totaled 41,970 mt, down by 9.3% compared to the previous month and up by 45.0%, according to Russia-based SpetsStal Association.

In the given month, in terms of volume, Russia’s imports of stainless cold rolled steel, stainless hot rolled steel, stainless long steel, stainless welded pipes and stainless wire decreased by 5.0%, 21.6%, 25.3%, 22.4% and 29.9% respectively. On the other hand, stainless seamless pipes grew by 38.4% month on month.

In June, China, which accounted for 55.9 %of the total supply, was the main supplier of stainless products to Russia. 
China was followed by India with 34.0%, Indonesia with 3.4 % and Turkey with 2.5%.

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