Export prices for Russian steel have fallen to a three-year low

By early May, export prices for Russian steel had fallen to the levels of the crisis year 2022. This affected both semi-finished and remanufactured steel products. The escalation of trade conflicts and steel overproduction will lead to a further decline in value, experts predict. The trend of 2025 in terms of pricing in the market, in their opinion, will be regionalization: prices in Asia, Europe and the U.S. for the same brand of rolled products can differ by hundreds of dollars.

Export prices for some types of Russian semi-finished and converted steel products have fallen to the levels of the crisis year 2022.

According to the National Rating Agency's forecasts, steel prices in the world may decline by another 5% before the summer amid the aggravation of geopolitical confrontation and the continuing high level of steelmaking capacity surplus.

The surplus of the latter in the world is estimated at about 640 million tons. Experts expect that this figure may rise to 720 million tons by 2027. The global steel capacity utilization rate is about 76%, which indicates that the existing global capacity is underutilized.

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