83,17 $/bar. 91,69 $/rub. 98,56 €/rub. Ni cash 18760 $/tn Ni 3 months. 18950 $/tn LME Ni 79920 tn Ni average 18595 $/tn Charge Cr 1,52 $/lb

Russian Stainless Steel Output On the Wane

According to an expert appraisal by Spetsstal Association, stainless steel output in Russia in January-May 2009 fell 59.7% to 22 thousand tons, if compared to the equal period of 2008.

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The decline touched almost all producers. Chelyabinsky MK (Mechel) has cut its output by 56.7%, Zlatoustovsky MK – 66.9%, Izhstal – 63.7%, VMZ Red October – 74.2%, MMZ Serp I Molot – 54.1%, MMZ Electrostal – 38.4%.

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