Consumer сonfusion. Russian market of long products: March 31 – April 14

An unexpected return of winter in European Russia slightly chilled the rebar market, but overall conditions remain acceptable. Demand is weak yet relatively stable, without significant drops. Amid the economic downturn, the construction sector is holding up better than many other industries. However, the lack of substantial oversupply is also crucial. This allows metal trading companies to gradually raise prices, though average quotations in Moscow still lag slightly behind the primary market.

Nevertheless, no favorable prospects are in sight. As long as the Central Bank maintains its current monetary policy, apparent consumption of steel products will continue to shrink. Construction will not be an exception in this regard. Limited supply volumes provide relative stability, but steelmakers cannot perpetually reducing output.

Новости по теме

10:00, 27 марта 2025 г. Playing on the minimum: Russian long steel market, March 17–24

In early April, the ruble showed unusual resilience despite falling oil prices. As a result, the export parity for Russian billets remains low. This is not only due to the exchange rate but also to recent declines in dollar-denominated prices, driven by weakening overseas demand and broader market instability.