Russia Billet Export Analysis, November 2017

Russia, world’s largest billet supplier from CIS nations, has exported around 1.27 MnT Billet in the month of November 2017

According to customs, the nation’s billet export has slightly fall by 2.30% M-o-M in Nov’17 against 1.3 MnT in Oct’17. Taiwan has imported approximately 27.55% (0.35 MnT) billet from Russia and maintains the top number, followed by Mexico (15%) & Algeria (13%).

Further, on yearly premises billet exports decline by 12% in Nov’17 against 1.44 MnT in Nov’16. Similarly, in the first 11 months of CY17 (Jan-Nov’17), billet exports declined marginally by 5.17% to 13 MnT against 13.71 MnT in same preceding year of 2016.

During CY 2017 (Jan-Nov), the major buyers of Russian Billets was Taiwan, followed by Turkey which remained the second largest importer of Russian billet and imported around 2.10 MnT which is 16.16% to total billet exports. Inline Mexico 1.86 MnT (14.27%), Belgium 1.46 MnT (11.24%) & Egypt at 0.82 MnT (6.27%) were the major buyers of Russian Billets .

As per the SteelMint’s assessment, the export offers of 150*150 IS 2830 grade billet are at USD 535-540/MT FoB India & 150*150, Q235 are at USD 525-530/MT FoB China.

Top Unload Country 2017 – (till November)

Quantity in MnT
Sources: SteelMint Stats.