Russia steel pipe output up 3% in January

Steel pipe output in Russia was up by 3% year-on-year in January to 744,000 tonnes, according to data published by the Federal Statistics Service (Rosstat).

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

In 2012, output was down by 3% year-on-year to 9.7 million tonnes.

Total steel pipe output volumes last year were depressed by lower demand for large-diameter (LD) pipes. This came about because state-run gas monopoly Gazprom, the product’s principal buyer in the country, had finished its earlier projects and had not started any new ones.

In October, however, Gazprom announced the start of the second stage of its Eastern Gas Programme, whose main project is the construction of a 3,200km gas pipeline from the huge Chayanda gas field in Eastern Siberia to the Far East port city of Vladivostok.

The pipeline is to be launched in late 2017.

In early December, Gazprom started construction of South Stream, designed to transport Russian gas to southern and eastern Europe.

The first gas supplies through the pipeline, whose offshore section will stretch for 900km across the Black Sea, are scheduled for late 2015.

What to read next
The global copper market has finally received the widely anticipated news that imports to the US will be tariffed from August 1. The finer details of the tariffs, including their scope, and whether key copper-exporting nations like Chile, Canada and Peru will be exempt, remain unclear.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Mexico’s production and consumption of long steel fell year-on-year in May due to weakness in the country's construction sector, but posted a month on month gain, according to the latest data from the Mexican steel chamber, CANACERO.
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Fastmarkets has corrected the rationale for its MB-CO-0021 cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end), which was published incorrectly on Wednesday July 2 due to a reporter error.