Russia's steel scrap exports up 4% y-o-y in September

MOSCOW (Scrap Monster): The most recent trade statistics released by Russia indicates that the country’s steel scrap exports increased marginally during September ’15. The combined exports during the nine-month period from January to September this year were up slightly.

The country’s scrap exports during the month of September alone totaled 610,000 tons. The exports witnessed marginal increase of nearly 3.8% year-on-year. The Russian scrap exports during September last year had totaled 588,000 tons. When matched with August this year, the scrap exports during September ’15 were up sharply by 11.7%. Russia’s steel scrap exports during August ’15 had totaled 546,000 tons.

The largest export destination of Russian scrap during September this year was Turkey. The Russian exports to Turkey totaled 323,000 tons, accounting for nearly 53% of the total Russian exports. The exports to Turkey increased sharply by 45.4% year-on-year. The second largest export destination was Belarus. The Russian exports to Belarus dropped sharply by 17.3% over the previous year to 124,000 tons. In third place was Korea with 68,000 tons. The Korean imports of Russian steel scrap dropped by almost 11.6% over the previous year.

According to trade data, Russia exported 4.345 million tons of scrap during the initial nine months in 2015. The exports during the period were slightly higher by 1.0% when compared with the exports during the corresponding nine-month period in 2014. The Russian scrap exports had totaled 4.302 million tons during January to September last year.

The country’s average monthly scrap exports amounted to 483,000 tons.

The Russian steel scrap exports are expected to total around 5.8 million tons during the entire year 2015.