Russian stainless steel imports in July declined by 14.4pc to 30,800mt from the same month year-prior, but increased by 3.8pc as compared to June 2020, according to the data provided by Russia’s SpetsStal Association.
Imports of hot-rolled flat products grew by 8.6pc in July, while electric-welded pipes and seamless pipes imports rose by 15.2pc and 17.1pc, respectively, as compared to June.
Primary billets imports grew by 43.5pc in July, while wire imports increased by 59.1pc from June this year.
Imports of cold-rolled steel products declined by 1.3pc in July and long products imports dropped by 0.9pc as compared to last month.
China was the top exporter of stainless steel to Russia in July and supplied 46.8pc of the total volume of steel imports.
India exported 11.6pc of stainless steel to Russia in July, while Taiwan, South Korea, and Ukraine supplied 6.6pc, 5.7pc, and 4pc, respectively, in the same period.
In January-July, the average import volume stood at 32,593mt/per month, up by 20pc from 27,161mt/per month in the same period last year.