According to statistics from the Russian Federal State Statistics Service (Rosstat), Russia’s stainless steel production totaled around 33,000 tons in November last year, rising by 15.7% compared to the preceding month and by 31% from the same month a year ago.

In the first 11 months of 2023, Russia produced a total of roughly 275,000 tons of stainless steel, a year-on-year increase of 26%.

In terms of imports, Russia’s stainless steel imports in November soared by 72% month on month and rose by 33% year on year, reaching roughly 54,000 tons. Among them, China was the largest supplier, accounting for a proportion of nearly 65%.