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Russian consumption of stainless steel rose 5.8 per cent year-on-year to 499,200 tonnes last year

» NEWS » Russian consumption of stainless steel rose 5.8 per cent year-on-year to 499,200 tonnes last year

Russian consumption of stainless steel rose 5.8 per cent year-on-year to 499,200 tonnes last year

May 24, 2019

 

Russia’s consumption of stainless steel rose 5.8 percent year-on-year to 499,200 tons in 2018, according to the Russian special steel association. The consumption of stainless steel cold-rolled coil increased by 9.8%, hot-rolled product by 2.0%, bar by 6.7%, seamless tube by 22.3% and slab by 36.7%. The consumption of welded pipe, tube billet and wire rod decreased by 4.2%, 24.5% and 4.6% respectively.

Russia’s domestic stainless steel production increased by 2.1%, exports by 18% and imports by 7.2%. Russia imports 77 percent of its stainless steel consumption. Imports were about 393,300 tonnes.

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