Russia - Flat Steel Exports Remain Stable in Nov'18
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According to latest customs data,Russian flat steel exports which includes (7208- HR coils/Plates,7209 - CR coils, 7210, 7212 GP/GC and 7225 electrical sheets) remain largely stable on monthly basis in Nov'18 to 0.77 MnT which was 0.78 MnT in previous month.
Similarly on yearly basis nation's flat steel exports moved up by 3% in Nov'18 against 0.75 MnT in Nov'17.
During first eleven months of CY18 (Jan-Nov) nation's flat steel exports stood at 8.26 MnT, lower by 3% against 8.46 MnT in similar time frame of previous year.
Nation's export volumes came down as the prices decline owing to weak demand in Turkey market. Demand in Turkey market weakens amid imposed quotas introduced by European Commission.
However domestic demand is expected to remain flat for the period ending CY'18; although anticipations for infrastructure and construction projects will push the demand in early 2019 and will drive consumption.
Commodity-wise Russia Flat Steel Exports in Nov'18.
| Sub Commodity | Nov'18 | Oct'18 | Change in % | Nov'17 | Y-o-Y (Change in %) |
| HRC/Plate | 0.53 | 0.58 | -9 | 0.47 | 13 |
| CRC | 0.09 | 0.08 | 13 | 0.14 | -36 |
| Galvanised Steel | 0.07 | 0.06 | 17 | 0.07 | 0 |
| Electrical Steel | 0.06 | 0.05 | 20 | 0.05 | 20 |
| Others | 0.01 | 0.01 | 0 | 0.01 | 0 |
| Grand Total | 0.77 | 0.78 | -1 | 0.75 | 3 |
Quantity in MnT
Source-SteelMint Research
Country-Wise Russia Flat Steel Exports in Nov'18-Turkey was major flat steel importer of Russia and has imported 0.17 MnT of flat steel in Nov'18, increased by 6% against 0.16 MnT in previous month.
Second largest importer was Belarus with a consistent procurement of 0.06 MnT since Aug'18.
Meanwhile Vietnam stood at 0.09 MnT,lower by 31% against 0.13 MnT in the preceding month.
Other major importing nations were Poland at 0.07 MnT; Uzbekistan at 0.05 MnT and Latvia at 0.05 MnT in Nov'18.
