TEX reported that until 2006, Russia's exports of nickel based SUS scraps had been in the range of 200,000 to 300,000 tonnes per year and were a fairly big source for Europe, but decline started in 2007 to reach the bottom at 25,000 tonnes in 2010. This year, however, is a year of rebound for the Russian exports.

Total exports in July 2011 were 6,968 tonnes, down to below half compared to the preceding month, but the seven month total upto July was 47,120 tonnes, a big rise of 2.7 times compared to the same period of 2010. This seven month aggregate already exceeded the annual (12 month) export quantities in 2009 (25,338 tonnes) and in 2010 (32,900 tonnes).

The export details by destination show that the remarkable rebound was mainly thanks to the increased quantity shipped out to Europe, i.e. to Netherlands, United Kingdom and Germany. Finland which used to be a big importer of the scraps from Russia held only a very small share.

(Sourced from TEX Report Limited)