According to the Russian Special Steel and Alloys Consumers and Suppliers Association (Spetsstal), the Russian stainless steel market is actively rebounding, with the country's consumption of the main stainless steel products increasing in Q1 2010 by 63.7 percent year on year to more than 58,300 mt.
According to Spetsstal's forecasts, in 2010 the consumption of stainless steel in Russia will increase by more than 25 percent year on year, exceeding 240,000 mt. In 2009, Russia's stainless steel consumption showed a decline of 36.2 percent year on year to 191,800 mt.
In the first quarter of this year Russia's output of stainless steel increased by 89.4 percent to 24,956 mt compared to the same period last year.