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Russia may switch to Asian stainless steel imports if Europe sanctions tighten

April 14, 2014 - 14:42 GMT Location: Kiev

KEYWORDS: stainless long steel , stainless steel pipe , Zlatoust , Mechel , Izhstal , Outokumpu , Acerinox , Aperam

Russia may import more stainless steel from Asia to replace European product supplies if tighter sanctions are introduced, the Special Steel & Alloys Consumers & Suppliers Assn (SpetsStal) has said.

Russia imports more than 65% of the stainless steel consumed in the country, the association said on Friday April 11. Some 21% of the total comes from Europe, where Outokumpu, Acerinox and Aperam are Russia’s major suppliers. The West imposed sanctions on officials and businessmen believed to be close to Russian president Vladimir Putin after Moscow annexed the Ukraine’s Crimea region. The annexation followed...

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