According to Russian customs data, country’s flat steel export under HS code 7208 (HRC), 7209 (CRC ) and 7225 (Electrical sheets) have declined by 13% in Sep’16, M-o-M basis. The same stood at 0.7 MnT in Sep’16 against 0.8 MnT in Aug’16.
If Y-o-Y comparison is made country’s flat steel exports registered an increase of 17% to 0.7 MnT in Sep’16 against Sep’15.The same stood at 0.6 MnT in Sep’15.
During first nine months ( from Jan-Sep) of 2016, Russian flat steel exports stood at 6.62 MnT, up by 10% against corresponding period of previous year 2015.
Although Russian steel exporters are able to compete with Chinese material in terms of prices and are exporting steel at competitive prices to various countries including India.
However, many countries are imposing trade restrictions on steel exports from Russia. In Aug’16, India imposed anti-dumping duty on HRC, CRC, and Plates import from Russia. Even EU (European Union) has imposed anti-dumping duty on Russian CRC imports.
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