Russia's pig iron exports declined sharply in Nov '14

Published: Feb 13, 2015 10:38

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According to government statistics released yesterday, the pig iron exports by Russia during the month of Nov ‘14 plunged heavily when compared with the exports during same month a year before.

Author: Paul Ploumis
12 Feb 2015 Last updated at 01:58:22 GMT
MOSCOW (Scrap Monster): According to government statistics released yesterday, the pig iron exports by Russia during the month of Nov ‘14 plunged heavily when compared with the exports during same month a year before.

Russia’s pig iron exports totaled 220,000 during November ’14. The total exports were down by 45.6% over the previous year. The country’s pig iron exports had totaled 404,000 tons during the month of November in 2013.

The largest importer of Russian pig iron during Nov ‘14 was the US with 78,000 tons. The exports to the US plunged by 53.7% when compared with the same month in 2013. The second largest importer was Italy. The imports by Italy soared by 75.9% over the previous year to total 60,000 tons.

The pig iron exports by the country during the initial eleven-month period of 2014 totaled 3.78 million tons. The exports were up by 10.6% when compared with the exports during January to November in 2013.

The country’s pig iron exports during the entire year 2014 are estimated to total 4.13 million tons.

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