The association 'Spetsstal' has reported that the visible consumption of the main types of stainless steel products in Russia increased by 27.3% to 661.9 thousand tonnes in 2023, compared to 2022. This represents an 11.7% increase from 2021. In 2023, the consumption of flat cold-rolled products increased by 32.7%, flat hot-rolled products by 7.3%, long products by 39.1%, welded pipes by 3.5%, seamless pipes by 71.5%, and wire by 62.6%. The consumption of primary billets decreased by 27.0%. Foreign ...

The Russian government will impose additional tariffs linked to the ruble-dollar exchange rate on exports of metals, iron ore, pig iron, fertilizers, and other commodities during the period from October 1, 2023 to the end of 2024. The decision is to help protect the domestic market from unreasonable price increases and maintain a reasonable ratio between exports of goods and domestic consumption. Besides, the measure will help to ease price pressure in the domestic market and earn additional ...