Translom analysts believe that in May 2025 prices for Russian square billets will adjust downward in a limited range. Weakening prices for raw materials and semi-finished products on the export market and strengthening of the ruble against the US dollar will put multidirectional pressure on quotations of Russian suppliers and contribute to limited supply. At the end of April quotations of semi-finished products from Russia decreased to 420-430 $/t FOB. Subscription to news

In March 2025, square billet quotations from Russia’s Black Sea region increased by $14/mt, reaching $444/mt FOB. At the start of the month, the price growth for Russian square billets was supported by positive sentiment in global markets: Turkey saw rising scrap prices, while China experienced growth in finished product futures amid expectations of reduced steel production. However, in the second half of March, buyer demand weakened due to a lack of support from finished product markets. For ...