Russian rolled product exports down

Nov 20, 2012 | 01:17 PM |

Tags  steel, Russian Steel, Evraz, Novolipetsk Steel, Magnitogorsk Iron & Steel Works, Mechel, Metalloinvest, Nadia Popova

MOSCOW — Rolled product exports for Russia’s principal Russian steelmakers fell 11.5 percent year on year to 1.87 million tonnes in October, industry group Russian Steel said Monday.

Russian steelmakers are targeting the domestic market, where demand is relatively strong compared with weak export markets.

Domestic sales are also more profitable, as Russian companies largely sell higher-value-added materials in the home market while sending semifinished and lower-value-added steels abroad.....

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