Russia reduced ferrous metals export by 9% in Jan-August 2013
Edited by Rhod Mackenzie / 2013-10-11 05:44:21
Russian companies reduced ferrous metals export by 8.8% to 24.03 million tons in January-August 2013 against the same period in 2012. Russia increased steel pipes import from the non-CIS countries 1.8 fold to 311.7 thousand tons. Federal Customs Service stated about it.
Ferrous metal export reduction is due to refocusing of key producers to the domestic market, the participants of the market say.
The export of ferrous metals is down by 16% to $13.103 billion in January-August 2013 in monetary terms. The supplies to the non-CIS countries are down by 12.5% to 20.2 million tons at total $10.5 billion, but they are up by 17.1% to 3.83 million tons ($2.6 billion) to the CIS countries.
