The three largest producers of ferrous metals in Russia, namely the Magnitogorsk Iron and Steel Works (MMK), Novolipetsk Steel Works (NLMK) and Severstal, have increased the volume of shipments to consumers in general, but reduced exports, INTERFAX reports.
MMK shipments increased by 23%, exports decreased by 2.3%. NLMK sent 16% more to consumers than in the same period of 2023, while exports decreased by 7%. Severstal, with an increase in supplies by 11%, lost 58% of exports.
As for export destinations, in October the companies continued to supply metals to Europe, Central and Latin America and CIS countries. 515,000 tons went to Europe, while more than half of this volume was routed to Turkey at 328,000 tons.
Shipments to Mexico and Brazil are also growing. Over the past month, 575,000 tons were sent there through Russian Railways and ports . Also comparable were deliveries to the CIS countries at 505,000 tons.
China and Taiwan purchased 228,000 tons of metals from Russian manufacturers, other Asia-Pacific countries imported 57,900 tons.
Alex Shishlo for Rough&Polished
