Russian stainless steel Cold Rolled Coilconsumption in 11M up by 19pct YOY
The most import dependent consuming sectors are stainless steel flat rolled products with the imports share at 71%, wire at 68.8% and welded tubes at 63.8%. This year the 47% threshold was surpassed by longs which share grew from 35.9% in 2010 up to 51.7% in 2011. Close to the 49.3% threshold come seamless tubes (50.2%) and ingots/slabs (47.9%).
Russian stainless steel consumption in the first nine months of 2011 totals 276,300 tonnes, up by 20.7% YoY, while local output rose by 11.5%, exports 34.2% and imports 27.2%. Today In china,Wuxi stainless steel electronic trading center today Ni1203 electrolytic nickel main contract closing price as the 132.2 yuan/hands,a day before the price down 1.8 yuan/hand, volume 13968608 hand, order 9616356 hands.
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