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 ...

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, ...