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 ...

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

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 ...