Russia: Ferro Silicon Imports Hits 4 years High in CY 18
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Russian Ferro Silicon Exports went 4 years high in CY18. Ferro Silicon exports were increased from 427,976MT in CY18 to 317,856MT in CY17 which accounted for 34.64% hike. Meanwhile in Dec'18, the exports sunk by 52.42% M-o-M. Exports in Dec'18 were 24,127MT.
Netherlands, Japan and Turkey remained the top three importers of Russian Ferro Silicon. Netherlands accounted for 35% shares in total Ferro Silicon imports for Russia. Meanwhile, Japan and Turkey contributed 28% and 10% of the total shares respectively. Netherlands showed a remarkable hike in imports from Russia in CY18 as the quantity increased from 9,943MT in CY17 to 148,015MT in CY18. However, the imports were much lower in Dec'18 by 49.34%. Japan and Turkey too experienced a substantial fall by 70.61% and 96.69% respectively. However, this fall doesn't seem to affect much in the total growth rate of imports by Japan from Russia which showed a increase by 15.85%.
In Dec'18, Turkey, India, Mexico and Saudi Arabia lowered their imports owing to much lesser demand and stalemate conditions of Steel Market. The fall in Imports for Turkey were 96.69% in Dec'18 M-o-M. Meanwhile, the imports from from India were substantially low by 97.71% M-o-M and Marginally low on Y-o-Y basis by 6.92%.
Ferro Silicon: Country wise Russian Imports | ||||||
Unloading Country | Dec'18 | Nov'18 | M-o-M(%) | CY'18 | CY'17 | Y-o-Y(%) |
Netherlands | 10,713 | 21,148 | -49.34 | 148,015 | 9,943 | 1388.64 |
Japan | 4,027 | 14,187 | -71.61 | 120,977 | 104,425 | 15.85 |
Turkey | 162 | 4,900 | -96.69 | 42,039 | 51,030 | -17.62 |
South Korea | 2,265 | 1,629 | 39.04 | 26,649 | 73,646 | -63.81 |
Mexico | 1,629 | 2,493 | -34.66 | 17,494 | 13,694 | 27.75 |
Saudi Arabia | 525 | 800 | -34.38 | 11,750 | 8,512 | 38.04 |
India | 27 | 1,294 | -97.91 | 8,343 | 8,963 | -6.92 |
Kazakhstan | 258 | 240 | 7.50 | 6,096 | 7,450 | -18.17 |
Others | 4,521 | 4,012 | 12.69 | 46,613 | 40,193 | 15.97 |
Grand Total | 24,127 | 50,703 | -52.42 | 427,976 | 317,856 | 34.64 |
Source: SteelMint, Customs
All Quantity in MT