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Russia's Imported Stainless Steel Supplier

Nov 24, 2021

China is Russia's largest imported stainless steel supplier

The Russian Special Steel Association USSA stated that Russia's stainless steel imports increased from January to October, and the main supplier was China.

Russia's stainless steel imports from January to October increased by 13.7% year-on-year to 368,170 tons. Imports in October increased by 13.1% from September to 45,170 tons.

USSA said that in terms of monetary value, Russian companies paid more than 135 million U.S. dollars for the import of foreign stainless steel products last month, an increase of 11.9% year on year.

Imports of cold-rolled stainless steel plates increased by 12.4% month-on-month, imports of hot-rolled products increased by 37%, and imports of long products increased by 3.8%. However, imports of stainless steel seamless pipes fell by 45%.

In 2020, Russia imported 383,200 tons of stainless steel, a year-on-year increase of 3.8%.

The main manufacturer of imported stainless steel products in October is still China, with a share of 51.1% in total imports. India’s share was 22.4%, followed by Indonesia’s 7.9%, Ukraine’s 3.4%, and South Korea’s 2.2%.