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 ...

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 ...

At the end of April there were no significant events on the global or Russian steel market. The situation was determined by the previous trends, which consisted of weak demand for flat products, low level of business activity and relatively stable prices. Russian steel mills, in particular, announced an increase in quotations for May, but in June they will probably have to give up the continuation of growth. Visible consumption of all categories of flat products is noticeably lagging behind ...

Before the pause in the first half of May, the Russian market of rolled products for construction purposes was in a “frozen” state. The demand for rebar in some regions was characterized as weak, and the level of spot prices in the end of the month was slightly lower there. In other places more active consumption allowed metal traders to stabilize quotations. However, even that weak growth, which was observed throughout most of April, came to naught. The Central Bank's decision to keep the key ...

Prices for rebar on the Russian market rose slightly in late March, reaching their highest level since November of last year. Some steelmakers raised their April quotes for this product, while others kept them unchanged, but the upward trend in primary market prices is clear and will likely continue in the near future. As a result, traders have little choice, especially since spot prices in most regions lag behind factory prices. Although the construction industry remains broadly unfavorable ...

Prices for rebar on the Russian market rose slightly in late March, reaching their highest level since November of last year. Some steelmakers raised their April quotes for this product, while others kept them unchanged, but the upward trend in primary market prices is clear and will likely continue in the near future. As a result, traders have little choice, especially since spot prices in most regions lag behind factory prices. Although the construction industry remains broadly unfavorable ...