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 ...

According to Eurostat, European companies in the first four months of 2025 almost exhausted the annual quota for the purchase of Russian pig iron, established under the 12th package of EU sanctions. This is reported by ‘ Vedomosti ’. The total volume of Russian pig iron exports to EU countries in January-March amounted to 697 thousand tonnes against the annual quota of 700 thousand tonnes. The main importers were Italy (524.6 thousand tonnes), Latvia (87.3 thousand tonnes) and Belgium (31 thousand ...

Mechel’s coal production fell by 17% to 2.13 mln tons in January-March 2025 and increased steel production by 14% to 863,000 tons, the company said in a statement. At the same time, pig iron production increased by 10% in three months to 769,000 tons. Sales of coking coal concentrate declined by 7% year-over-year, amounting to 1.06 mln tonnes, while sales of thermal coal rose by 4%, reaching 903,000 tonnes. At the same time, anthracite sales during the reporting period increased by 1% to 260 ...