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 ...
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," ...
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 ...
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 ...
"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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
On June 4, the second day of the exhibition complex comprising Metal Structures’2025, Metallurgy’2025, Litmash’2025, Tubes’2025, and Wire’2025, the booths of 450 companies from 7 countries were visited by 4,350 professionals from the metallurgy and metal trading sectors, the foundry industry, and the construction sector. A large number of partners and business counterparts visited the booths of Severstal, the EVRAZ STEEL ecosystem, Novostal-M Metallurgical Holding, MMK, and a wide range of other ...
In April 2025, Russian ferrous metal shipments to Turkey showed significant growth, increasing 1.5 times compared to the same period last year. According to the Turkish Statistical Service, exports totaled $253.6 million, the highest since December 2024. Month-on-month growth in shipments reached 23.4%, emphasizing the steady demand for Russian steel products. In the first four months of this year, the total volume of ferrous metal exports from Russia to Turkey exceeded 922 million dollars, ...
On June 3, t he opening day of the exhibition complex including SteelStructures’2025, Metallurgy’2025, Litmash’2025, Tubes’2025, and Wire’2025, a total of 3,200 visitors were registered. Despite the new venue of the exhibition consortium (Timiryazev Center), the attendance on the first day remained high from the very beginning. This year, the exhibitions feature 450 companies from 7 countries: Russia, China, India, Turkey, Iran, Italy, and Belarus. The first day was packed with business events. ...
According to the operational data provided by “Russian Railways” (RZD), in May this year there was a decrease in the volume of cargo in the company's networks. The total amount of transportation amounted to 94.6 million tons. This is 9.4% less than was recorded in the same period of 2024. The downward trend in the volume of loading was also observed in April 2025. Then the indicators amounted to 92.9 million tons. This is 8.6% lower than in the previous April. In the first five months of the ...
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 Russian market of steel products as a whole remains in the growth zone, but it is gradually cooling down, the reason for which is obviously a decrease in investment and economic activity. Sales and demand indicators so far show a decline only in the hot-rolled steel sector, but overall growth ...
Russia’s coal production in January-April 2025 increased by 2.4% compared to the same period a year earlier, reaching 147 mln tonnes, according to data from the Federal State Statistics Service (Rosstat). Production of all types of hard coal rose by 1.1% to 112 mln tonnes. Anthracite production declined by 2.4% to 7.5 mln tonnes, while coking coal production fell by 8% to 34.7 million tonnes. Lignite production amounted to 35.1 mln tonnes, a 7% increase. Production of other types of hard coal ...