Page 113 - RusRPTNov22

Pig iron output dropped by 2.9% within nine months of this year to 38.82mn tonnes and by 1.9% annually in September 2022 to 4.2mn tonnes.
The output of primary aluminum moved upward by 15.4% year-to-date and by 25.9% in this September.
Russia’s coal production slipped by 1.5% in September 2022 y/y to 35.6mn tonnes, the Federal State Statistics Service (Rosstat) reported. In particular, hard coal output contracted by 8.5% to 27.7mn tonnes in the reporting period. Production dropped for anthracite and other hard coal types by 25.2% to 1.8mn tonnes and by 13.5% to 17.2mn tonnes, respectively, whereas coking coal output gained 8.8% to 8.7mn tonnes. Brown coal production soared by 34.8% to 7.9mn tonnes. In nine months of 2022, Russia’s coal production edged down by 1.6% to 313mn tonnes. Hard coal production decreased by 5.4% in the period to 252mn tonnes. Production of anthracite and other coal grades went down by 0.3% to 18.7mn tonnes and by 10.7% to 158mn tonnes, respectively, whereas coking coal and brown coal production rose by 6.5% to 75.3mn tonnes and by 17.8% to 60.9mn tonnes, respectively.
US may block Russian aluminium imports. The US president administration is considering three options: a direct ban of the metal, tariffs increase, or restrictions against UC Rusal. Russian deliveries amount for c10% of total aluminium imports in the US, with Bloomberg data showing Russia was the third-largest aluminium exporter to the US in August.
World steel consumption will decrease due to the war in Ukraine. World steel consumption in 2022 will be reduced by 2.3% compared to 2021 to 1.79bn tons due to high inflation and rising interest rates worldwide. These economic pressures stem from Russia's war against Ukraine, as stated in a forecast from the World Association of Steel Producers (Worldsteel). However, according to the forecast, as early as 2023, worldwide steel consumption is expected to increase by 1% - up to 1.82bn tons. This will be facilitated by the initiation of infrastructure projects. The head of Worldsteel's economic committee, Maximo Vedoya, said that the world economy is affected by inflation, tightening of monetary policy, the economic downturn in China, and the consequences of the Russian invasion of Ukraine.
Russian local coking coal prices contracted 14% w/w to c$137/t, Metal Expert estimates. Last week, Russian domestic raw materials rates declined: coking coal plunged c14% to c$137/t EXW, iron ore concentrate slipped c2% on-week to c$74/t EXW. Meanwhile, steel prices in Russian retail segment were mixed: HRC gained c2% w/w to c$741/t, but rebar marginally dropped c1% w/w to c$594/t. Note that HRC prices in Europe lost more than 3% on-week to $730/t, Kallanish estimates.
FAS may revise the steel market regulation, Interfax reports citing Maxim
113 RUSSIA Country Report November 2022 www.intellinews.com