18 November 2003 02:26
Russia boosts ferrous metal exports 30%
MOSCOW. Nov 18 (Interfax) - Russia boosted ferrous metal exports 30% year-on-year to $8 billion in January-September
on the back of a price boom.
Nonferrous exports edged up 1.5% to $5.5 billion, Andrei Svinarenko, a deputy industry and science minister,
said.
should grow 1.5% and 30% in value this year as a whole. But this sort
of growth will not be sustained in 2004 as prices stop growing and
Nonferrous production grew 4.8%, Svinarenko told a press conference during the metal-Expo exhibition.
In 2003 as a whole, nonferrous output is expected to grow 4% and ferrous output 7% in what Svinarenko described as a
good year for the industry.
Serafim Afonin, president of the Union of Metal Exporters, told Interfax that if current trends persist ferrous and
nonferrous exports
stabilize, Afonin said.
Exports in tonnage, though, will grow, mainly on increased demand from China, he said. [RU ASIA EUROPE EEU EMRG MET
STL TRD CORA RESF CN] pr <>
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