Stainless steel supplier Delong Steel shares a recent stainless steel news with you today.
According to the Russia-based SpetsStal Association, imports of stainless steel into Russia totaled 46,250 tonnes in May 2023, down 10.3% compared to the previous month.
In the given month, Russia's imports of stainless cold-rolled steel and stainless hot-rolled steel fell by 21.5% and 0.4%, respectively, in volume terms. On the other hand, imports of stainless steel long steel, stainless steel seamless pipe, stainless steel welded pipe and stainless steel wire increased by 24.1%, 13.4%, 59.7% and 19.2% month-on-month, respectively.
In May, China, which accounted for 54.8% of the total supply, was the main supplier of stainless steel products to Russia. It was followed by India (36.0%), Indonesia (3.1%) and Turkey (3.0%).