89,40 $/bar. 92,01 $/rub. 98,72 €/rub. Ni cash 19180 $/tn Ni 3 months. 19400 $/tn LME Ni 77784 tn Ni average 18080 $/tn Charge Cr 1,52 $/lb

Russia Stainless Steel Production Rises Two Times

According to an appraisal by Spetsstal Association, stainless steel output in Russia rose 108,3% to 26139 tons in the 1st quarter of 2010, compared to the same period last year.

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This volume is still below the levels of 2007 and 2008, however most of market players see it optimistically. To remind, 2009’s stainless steel consumption showed a decline by 36.2% to 191.8 thousand tons. The tempo of market revitalization will be directly dependent on the activity of Russian consuming sectors, first and foremost, on the machinery construction industry.

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Spetsstal Association will be holding the unique international conference  ‘Stainless Steel in the Oil & Gas Industry’ on the 22nd June 2010 in the Radisson SAS Slavyanskaya Hotel Moscow (Russia).

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The conference will address all crucial topics concerning the Russian market for stainless steel including consumption, production, imports and exports and specially highlight the needs of one of the key stainless steel consuming industries – the oil and gas sector.

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Key presentations will be delivered by:

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* Markus Moll, Managing Director, SMR - Steel & Metals Market Research

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* Sergey Frolov, Marketing Director, Acroni Metal Ravne (IMH Group)

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* Alexey Orlov, Director, Orinnox Ltd.

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* Alexey Oryshenko, General Director, FSUE CRISM "PROMETEY"

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* Andrey Voronin, Executive Director, Spetsstal Association

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* Jean-Luc Lanos, General Manager Oil / Gas / Petrochem, Outokumpu

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Russian-English simultaneous interpretation will be provided throughout the conference day!

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To register, please, proceed to the website http://www.ussa.su/oilgas2010 and click the menu item REGISTER.

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On all enquiries you may contact Samir Ilmark at +7 (495) 747-59-95 or via email: ilmark@ussa.su

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You are kindly welcome to take advantage of this important business opportunity!

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