Amid weak domestic demand, China is ramping up its steel exports — including to Russia. In the first five months of the year, exports of iron, steel, and related products to Russia grew by approximately 16% in value terms, compared to an increase of just 1.3% in 2024. For now, exports are primarily focused on stainless and specialty steels not produced in Russia. However, in some Russian regions, standard construction-grade long products from China have already begun to appear. According to ...

In June 2025 Russian metallurgists will supply 35,000-40,000 tons of hot-rolled steel to India at a price of $460-470 per ton on CFR basis (delivery to the port, loading and freight). This is stated in the May review of the Indian analytical company Bigmint, Vedomosti reports. This is the first such deal for the last year and a half. The price offer of Russian producers turned out to be 3-5% lower than Chinese competitors, Bigmint notes. In May on the Indian market a ton of rolled products from ...

In April, China purchased aluminum from Russia for the highest ever amount of $612.1 million, according to the data of the Chinese Statistical Service, which was analyzed by RIA Novosti. Deliveries in mid-spring grew 1.8 times year-on-year. As a result, the share of Russian companies in China's imports for the year jumped almost twice - to 39.5% from 22.7% in April last year. In addition to Russian companies, large supplies to China were also made by Thailand, which increased sales of these ...

Magnitogorsk Iron and Steel Works (MMK), one of the world’s largest steel producers, took part in the 25th China Int'l Metal & Metallurgy Exhibition, which was held from May 10 to 12 in Guangzhou, China. The Asian market is one of the promising areas for MMK to develop export sales. The company's exposition is focused on hot-rolled coils, which are consistently in high demand among consumers from China and other Southeast Asian countries. Visitors also have access to information about the technologies ...

At the production site in Chengdu (China, Erzhong Heavy Machinery Plant), the casting of the bed of the 2800 hot rolling mill for Ashinskiy Metallurgical Works was successfully completed. In order to achieve uniform distribution of metal structure along the entire length of the casting, the technology of simultaneous casting by three steel ladles was applied, which will make it possible to achieve the required stand rigidity and ensure maximum rolling force. The project team is focused on the ...

Severstal, one of the world’s most efficient metals and mining companies, for the second year is working out the issue of placement of yuan bonds in the infrastructure of China. Irina Butenko, head of the mining and metallurgical company's treasury department, told about it at the Russian-Chinese investment and legal forum. “We definitely see this as one of the main sources of financing in the near future,” she said. “Severstal is considering bond placement in China as one of the possible channels ...

China's copper imports from the United States fell 1.9 times to $204.8 million in March this year, according to Chinese customs. This was the minimum for bilateral trade since April 2023 and is noticeably less than the average level of purchases for last year (371.9 million dollars, RIA Novosti reported. The main beneficiary of this decline was Russia, which in March became the second major source of copper for China. Russian exports for the year rose by $495.4 million, or 2.7 times, to $790.9 ...

According to Chinese customs data, the first two months of 2025 saw a significant rise in imports of certain non-ferrous metals from Russia to China, reports “Kommersant”. Purchases of copper and copper products surged nearly 1.5 times, reaching $711.77 million. Nickel imports grew 2.8-fold to $233.38 million, while aluminum imports rose by 29.5% to $895.95 million. Based on London Metal Exchange (LME) prices, the supply volumes are estimated at approximately 72,000 tons, 14,500 tons, and 340,000 ...