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Metallurgy news. June

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China increases steel exports to Russia
Amid weak domestic demand, China is ramping up its steel exports — including to Russia. In the first five months of the year, exports of iron, steel, and related products to Russia grew by approximately 16% in value terms, compared to an increase of just 1.3% in 2024. For now, exports are primarily focused on stainless and specialty steels not produced in Russia. However, in some Russian regions, standard construction-grade long products from China have already begun to appear. According to ...
30 June 2025., 11:38   comment

Norilsk Nickel held the annual general meeting
Nornickel, the world’s largest producer of palladium and a major producer of nickel, platinum and copper, announces that shareholders held the Annual General Meeting (AGM) on 27 June 2025. The shareholders also approved the annual report for 2024, new version of the Articles of Association, Russian Accounting Standards (RAS) accounts for 2024, the consolidated financial statements in accordance with International Financial Reporting Standards (IFRS)fin for 2024, elected the Board of Directors ...
30 June 2025., 10:30   comment

Russian steelmakers propose to index cutoff price for steel excise by inflation since 2022
Russian steelmakers are proposing to index the cut-off price used to calculate the excise tax on steel, which was set at 30,000 rubles per tonne in 2022, by accumulated inflation over the past four years, Severstal CEO Alexander Shevelev said in an interview with Interfax on the sidelines of the St. Petersburg International Economic Forum. "We have submitted our proposals to the relevant ministries. They are still being discussed. We don't know what the final decision on the excise will be," ...
30 June 2025., 10:15   comment

Russia’s steel output down 6.9% YOY in May
Steel production in Russia in May 2025 decreased by 6.9% year-on-year and amounted to 5.8 mln metric tons, according to a report by the World Steel Association (WSA). Steel production in the country within five months of this year lost 5.2% to 29.2 mln metric tons. In May 2025, China is reported to produce 86.6 mln metric tons, which is 6.9% less year-on-year. India produced 13.5 mln metric tons (+9.7%). Steel production in Japan lost 4.7%, to 6.8 mln metric tons and gained 1.7% in the United ...
26 June 2025., 10:36   comment

Cold June, Not hot July. Russian sheet steel and welded pipe market: June 9-18
Low demand was a problem, now it is becoming a curse for the Russian sheet steel market. Consumer activity has completely died down. In turn, distributors are reducing purchases of steel products from plants. Metallurgical plants, of course, are reducing output and/or exporting more rolled products, but the volumes of warehouse stocks at trading houses and independent metal traders, at a minimum, are not decreasing. Some metallurgical companies have not abandoned the idea of raising factory ...
20 June 2025., 11:03   comment

Nornickel develops palladium-based materials twice quicker than foreign companies do

The Norilsk Nickel Palladium Technology Center managed to cut time for laboratory development and tests of palladium-based materials technologies to 9 months, which is 2 times faster than foreign companies do, the center's Director Dmitry Izotov told TASS on sidelines of the St. Petersburg International Economic Forum. "We have managed to reach the development and laboratory testing term of 9 months, against 18-24 months foreign companies have. We use a hybrid approach: on the one hand, for ...
20 June 2025., 10:30   comment

Severstal CEO does not rule out halting metallurgical production in Russia to balance supply
"In my opinion, we cannot even rule out halting some metallurgical production facilities in the Russian Federation to balance supply," Shevelev said during an interview with the Rossiya-24 television channel. "I hope it won't come to that, and we'll manage to somewhat loosen the tight grip of monetary policy in time. But currently, all signs indicate we might face situations including even halting operations at some plants with unfavorable production costs," he said. When asked whether Severstal ...
20 June 2025., 10:15   comment

Rostec State Corporation's titanium production volumes decrease
Boeing's exit from the Russian market hurt the company, President Vladimir Putin said at a meeting with Rostec CEO Sergey Chemezov. At the meeting, Putin asked about the current state of Rostec’s titanium production. "Of course, our plant is operating, though perhaps not at full capacity," Chemezov replied. "We’re primarily supplying our own aviation and helicopter manufacturers. Since the Americans left, our joint venture with Boeing has unfortunately been put on hold, so production volumes ...
19 June 2025., 10:30   comment

Russian-Thai business dialogue launched at St. Petersburg International Economic Forum
On June 18, the St. Petersburg International Economic Forum started. 20,000 representatives from 140 countries confirmed their participation in the forum. Russian-Thai cooperation covers a wide range of areas - from trade and investment to technology and tourism. Both countries are actively developing partnership within the BRICS framework, discussing the creation of a free trade zone between Thailand and the EAEU, and exploring the possibility of settlements in national currencies. Thailand ...
19 June 2025., 10:04   comment

RUSAL seals landmark carbon credit deal as part of the Sakhalin Experiment

RUSAL, one of the world's largest aluminium producers, has announced the largest carbon credit deal to date on the Russian market. The deal was executed for the benefit of a participant in the Sakhalin Experiment for offsetting greenhouse gas emissions. The carbon credits involved in the deal were issued in the national Carbon Units Registry as a result of RUSAL’s forest climate initiative. This project, which holds the official status of a "Partner of National Projects," focuses on aerial forest ...
18 June 2025., 10:30   comment

What to hold on to? Russian market of rolled products: June 6-16

The Russian market of steel products for construction purposes is increasingly approaching the state when "there is no money, but you hold on." First of all, the solvent demand for housing is declining, and distributors are losing not only the opportunity, but also the desire to launch new projects. Forecasts for the consumption of rolled products this year are becoming increasingly pessimistic. So far, the summer weather has generally supported suppliers of steel products, but the trends are ...
18 June 2025., 10:15   comment

Russia could double copper production in 15 years
Russia will be able to double copper production in 15 years through the implementation of a number of current and prospective projects, and copper will always be needed - it is the most sought-after metal in the green energy sector, said Oleg Kazanov, Head of Rosnedra, in an interview with RIA Novosti ahead of the St. Petersburg International Economic Forum. According to him, everything is "quite good" with copper in Russia. The country has about 100 million tons of reserves, 1.1 million tons ...
17 June 2025., 10:30   comment

Business is good on holidays
The analytical service of “Metal Supply & Sales” Magazine continues publishing the “MSS-TM index” (Market Temperature). The value of this index is determined through expert surveys on a weekly basis. The previous week was shortened due to holidays, but sales during these days went well. First of all, it was related to rebar, but also in the problematic sector of hot-rolled products there were shifts for the better. Consumer demand was also quite active. In particular, most experts do not see ...
17 June 2025., 10:15   comment

Russian aluminum exports to Brazil reach a three-year high
In the first five months of 2025, Russian aluminum shipments to Brazil grew 2.3 times year-on-year to $7.9 million. According to Brazilian customs data, this is the maximum figure since 2022. The main supplier of aluminum to the Brazilian market remains China, which increased exports by a third - up to 254.8 million dollars. Argentina (+40%, up to 157.7 million dollars) and Paraguay (+70%, up to 58.1 million dollars) also supplied significant volumes of metal. In addition to aluminum, Russia ...
16 June 2025., 12:37   comment

Dancing on an inclined plane. Russian and world market of rolled sheet products
The Russian market of flat rolled products continues to shrink. Distributors and producers of welded pipes are reducing purchases of hot-rolled sheet and coil due to the continuing narrowing of demand. And no matter how hard metallurgical companies try, surplus products are gradually accumulating in warehouses. This problem is not too acute yet, but in case of further decline in consumption it may become actualized. Despite all these negative trends, prices for steel products are still relatively ...
06 November 2025., 12:14   comment

Russian metallurgists reduced steel production volumes in January-May
According to preliminary data, during May 2025, the enterprises of ferrous metallurgy of the Russian Federation produced 6 million tons of steel and 5.2 million tons of finished rolled products. The year-on-year decrease in the indicators is 3.4% and 4.4%, respectively, reported the information and analytical company “Corporation CHERMET”. According to the results of January-May, steel production volumes in the metallurgical industry decreased by 5.2% to 29.1 million tons compared to the same ...
06 November 2025., 11:41   comment

Russia may become leader in rare earth-metals production
Russia may become a leader in extraction and processing of rare-earth metals (REM), if it manages to create infrastructures and comfortable business conditions in the Arctic, while the global industry will face a deficit in REM in 2030, Russian Academician, Doctor of Geology and Mineralogy Nikolay Pokhilenko told TASS. At the International Arctic Forum in April, Russian President Vladimir Putin said the creation of a rare-earth metals processing industry in the Arctic is one of priorities in ...
06 November 2025., 11:08   comment

The exhibition quartet attracted the attention of 8,780 qualified professionals
From June 3 to 5, 2025, the international exhibitions SteelStructures’2025, Metallurgy/Litmash.Russia’2025, Tubes.Russia’2025, and Wire’2025 were held in Moscow. The events were organized by Metal-Expo in cooperation with Expo Fusion. A total of 450 companies from 7 countries presented their booths, and 8,780 professionals from the metallurgy and metal trading sectors, the foundry and hardware industries, and the construction sector visited the exhibitions. The influx of guests was so high that ...
06 November 2025., 10:15   comment

RUSAL starts commercial production of new low-carbon foundry alloys for the automotive industry
RUSAL, one of the world's largest aluminium producers, has launched commercial production of Primary Equivalent Foundry Alloys (PEFA) with post-consumer scrap content for the automotive industry. The project has been realised at Irkutsk Aluminium Smelter (IrkAZ) along with increasing the share of recycled metal in the alloys that now reaches up to 40%. RUSAL started trial production of PEFA with 20% of aluminium end-of- life scrap in early 2023 and has been gradually increasing the recycled ...
06 September 2025., 10:30   comment

The export price for Russian pig iron at the end of May was $318 per tonne

The average export quotation for Russian pig iron in May 2025 decreased by $10/t to $318/t FOB compared to April,. Despite the negative average price correction during the month, Russian pig iron export quotations gradually increased following the positive dynamics of scrap prices in Turkey. At the same time, real demand for pig iron remained weak, with stocks in the port of Novorossiysk growing significantly back in April and remaining virtually unchanged in May. This affected the reduction ...
06 September 2025., 10:15   comment