73,18 $/bar. 100,22 $/rub. 105,81 €/rub. Ni cash 15805 $/tn Ni 3 months. 16095 $/tn LME Ni 159408 tn Ni average 15736 $/tn Charge Cr 1,52 $/lb

Half a year past – keeping the course

Russian imports of stainless steel over the first half of 2008, as compared to the same period of 2007, grew 6.1% to 82.3 thousand tons.

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In the structure of stainless steel imports, the lion’s share is still given to flat-rolled products (67.7%), followed by welded tubes (11.7%), longs (10.9%), seamless tubes (7.2%), wire (1.5%) and billets (1.1%).

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As the imports grow, stainless steel exports are on the wane. Over the first half of 2008, as compared to the same period of 2007, the volume of Russian stainless steel exports decreased 11.4% to 6.8 thousand tons.

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Talking of exports, we must not miss the issue of stainless steel scrap. The strange thing is that either stainless steel scrap has finished in Russia or the customs still cannot distinguish stainless steel scrap from carbon. Over the mentioned period, exports of stainless steel scrap fell 145.1 thousand tons in 2007 to 48.4 thousand tons in 2008.

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As miracles no longer exist, the second supposition looks more convincing.

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Don’t miss out on taking part in the coming Stainless Steel Event in Russia. Press for details.

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