11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

Rolled steel prices in Russia continue to rise since the start of 2024

In January-March this year, prices of various rolled steel products in Russia increased by 1.6-2.5%.

Rolled steel prices  in Russia continue to rise since the start of 2024

In 2023, steel prices increased significantly, with cold-rolled steel prices rising by 40%, galvanised steel prices by 41% and polymer prices by 44%. At the beginning of 2024, prices continued to rise by 3-5 %. According to Russia's Ministry of Industry and Trade, in the first months of this year, the price of producers' galvanised and polymer-coated rolled metal products remained unchanged, while the increase in cold-rolled steel was less than 1%. The ministry noted that the observed change in prices on the market is explained by seasonal fluctuations and does not require additional regulatory measures by the state.

Demand for coated rolled metal products is constantly growing, especially in the construction industry. However, the increase in prices for rolled steel and production raw materials reduces the profitability of producers, which can affect demand from end consumers. Since autumn 2023, cold-rolled steel prices on the spot market have been rising on a monthly basis, which could trigger further action from buyers in the spring.

The main flat product producers in Russia are NLMK, Severstal and MMK. MMK reduced sales of premium products due to equipment revision at the end of 2023, while Severstal attributed the sales decline to the accumulation of semi-finished products in advance of the overhaul of one of its blast furnaces.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024

Egypt’s rebar market with price fluctuations and competitive offers this week

Tuesday, July 23, 2024

India underlines the important role of green steel in the iron and steel sector

Monday, July 22, 2024

Ermaden discovered a gold mine in Sivas

Tuesday, July 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now