Russia: Ferro Silicon Imports Hits 4 years High in CY 18

Russian Ferro Silicon Exports went 4 years high in CY18. Ferro Silicon exports were increased from 427,976MT in CY18 to 317,856MT in CY17 which accounted for 34.64% hike. Meanwhile in Dec’18, the exports sunk by 52.42% M-o-M. Exports in Dec’18 were 24,127MT.

Netherlands, Japan and Turkey remained the top three importers of Russian Ferro Silicon. Netherlands accounted for 35% shares in total Ferro Silicon imports for Russia. Meanwhile, Japan and Turkey contributed 28% and 10% of the total shares respectively. Netherlands showed a remarkable hike in imports from Russia in CY18 as the quantity increased from 9,943MT in CY17 to 148,015MT in CY18. However, the imports were much lower in Dec’18 by 49.34%. Japan and Turkey too experienced a substantial fall by 70.61% and 96.69% respectively. However, this fall doesn’t seem to affect much in the total growth rate of imports by Japan from Russia which showed a increase by 15.85%.

In Dec’18, Turkey, India, Mexico and Saudi Arabia lowered their imports owing to much lesser demand and stalemate conditions of Steel Market. The fall in Imports for Turkey were 96.69% in Dec’18 M-o-M. Meanwhile, the imports from from India were substantially low by 97.71% M-o-M and Marginally low on Y-o-Y basis by 6.92%.

Source: SteelMint, Customs
All Quantity in MT