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Russian steel exports set to rise 19 percent in 2025 as dom-Heat Treatment Exhibition-Industrial Furnace Exhibition-The 26th China(Guangzhou)International Heat Treatment, Industrial Furnace Exhibition
11/13/2025 热处理展-工业炉展-heat treatment expo-furnace expo |
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According to local media reports, Alexei Sentyurin, president of the Russian Steel Association, stated that thecountry''s steel exports are projected to grow by 19 percent in 2025, reaching approximately 24 milion mt, up from 20 million mt in 2024.
The upward revision follows the abolition ofexport duties from January, which has madeRussian steel more competitive abroad. At thestart of the year, the association had onlyforecast a 2.5 percent increase, but theimproved external trade conditions prompted asignificant adjustment.
Falling domestic demand
According to the association, while exports arestrengthening, the outlook for domestic steelconsumption is markedly weaker. The association reaffirmed its forecast that Russiansteel demand will fall by 14 percent, or 6 milion mt, to 38 milion mt in 2025 - the lowest level since 2011. The decline reflects the ongoing slowdown of steel consumption in key industrial sectors, led by the automotiveindustry with a fall of 36.4 percent, mechanical engineering with a 30 percent drop, the energy sector with a19.4 percent fall, and the construction sector with a 10.5 percent reduction.
Production outlook
Total steel production in Russia is expected to fall from 61 milion mt in 2024 to 58 milion mt in 2025. Theassociation attributes the drop to reduced domestic demand and the prioritization of export-oriented productionchains.
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