27
May
15:11
Russian pipe producers expect drop in production, exports
Pipe exports from Russia will fall this year due to sanctions against Russia after it invaded Ukraine, according to Russian Foundation for Development of Tube Industry (FRTP) data.
In 2022, shipments will decrease by 34% on-year to 1.06 million tonnes, the RBC newspaper reports, citing a presentation from fund director Alexander Semenchishin. Domestic consumption in Russia is seen decreasing by 2% on-year in 2022 to 9.12mt. As a result, pipe production will fall b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous