Russia’s steel exports decline in January-November

Friday, 17 January 2020 11:38:07 (GMT+3)   |   Istanbul
       

Russian steel producers have posted a weaker performance in exports for the first 11 months of 2019, partly due to the trend of global protectionism. In November, however, the trend was positive.

In the first 11 months of 2019, Russia exported 24.88 million mt of steel products, down 10.4 percent year on year, according to the official customs data. In particular, Russian mills’ semis and flats exports decreased by 6.8 percent and 15.6 percent, respectively, to 13.43 million mt and 6.4 million mt. In November, however, Russia managed to export 2.4 million mt of steel products, up 13.5 percent month on month, partly owing to strong import demand from China, SteelOrbis understands.

In November 2019, Russia’s ferroalloy export shipments increased by 8.2 percent month on month to 70,300 mt, while in the January-November period the volume totalled 755,300 mt, up 0.6 percent year on year.


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