CIS: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in CIS

The CIS cold-rolled steel products market soared to $X in 2022, increasing by 102% against the previous year. Over the period under review, consumption posted a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cold-Rolled Steel Products Production in CIS

In value terms, cold-rolled steel products production dropped to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, production attained the peak level of $X, and then declined in the following year.

Cold-Rolled Steel Products Exports

Exports in CIS

After four years of decline, overseas shipments of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 0.8% to X tons in 2022. Over the period under review, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, cold-rolled steel products exports declined rapidly to $X in 2022. In general, exports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 57%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) was the key exporter of flat-rolled products of iron or steel (not further worked than cold-rolled), constituting 61% of total exports. It was distantly followed by Kazakhstan (X tons), achieving a 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of +0.0%).

In value terms, Russia ($X) remains the largest cold-rolled steel products supplier in the CIS, comprising 68% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 30% share of total exports.

In Russia, cold-rolled steel products exports plunged by an average annual rate of -5.2% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, shrinking by -18.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 58%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.7%).

Cold-Rolled Steel Products Imports

Imports in CIS

Cold-rolled steel products imports fell slightly to X tons in 2022, remaining relatively unchanged against 2021 figures. In general, imports, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, cold-rolled steel products imports contracted to $X in 2022. Overall, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of 73%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Russia was the main importing country with an import of around X tons, which reached 59% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 19% share, followed by Belarus (16%). Kyrgyzstan (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cold-rolled steel products imports into Russia stood at +5.6%. At the same time, Kyrgyzstan (+12.9%) and Uzbekistan (+9.1%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +12.9% from 2012-2022. By contrast, Belarus (-1.3%) illustrated a downward trend over the same period. While the share of Uzbekistan (+6.7 p.p.) and Russia (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (-12.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported flat-rolled products of iron or steel (not further worked than cold-rolled) in the CIS, comprising 62% of total imports. The second position in the ranking was held by Belarus ($X), with a 20% share of total imports. It was followed by Uzbekistan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+2.1% per year) and Uzbekistan (+6.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, shrinking by -9.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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