Russia Has Increased Export of Pig Iron

on June 3rd, 2010 at 3:57 am

Demand for pig iron in Q1 in international market had a growth trend due to increase of steel smelting. In accordance with WSA data, by result of the first four months 2010 world steel smelting increased by 31.8% to 467.8 M tons.

Russia is among the largest suppliers of merchant pig iron to international market. According to customs statistics, Russia has exported 755 thousand tons of pig iron in March 2010. It is 4.5 times more than the previous month and 42.6% over March 2009. From the total exported quantity Italy purchased 432 thousand tons of pig iron or 57.1%, Turkey, which is the second largest importer of Russian pig iron, purchased 76 thousand tons. Totally by result of Q1 2010 export of pig iron from Russia increased by 8% year-on-year to 1.091 thousand tons. Geographical structure of supplies has also changed: US moved from the second to the third leading position replaced by Turkey, supplies to China also decreased. As for China we’d like to note there were no supplies in March, in January-February China imported from Russia 101300 tons of pig iron (decrease of 25.4% compared to Q1 2009).

Source: Rusmet.ru