Russian Federation: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in the Russian Federation

The Russian cold-rolled steel products market soared to $X in 2022, with an increase of 143% against the previous year. Over the period under review, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cold-Rolled Steel Products Production in the Russian Federation

In value terms, cold-rolled steel products production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 45%. As a result, production attained the peak level of $X, and then dropped rapidly in the following year.

Cold-Rolled Steel Products Exports

Exports from the Russian Federation

In 2022, shipments abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) was finally on the rise to reach X tons after four years of decline. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 12%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports fell markedly to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for cold-rolled steel products exports from Russia, accounting for a 47% share of total exports. Moreover, cold-rolled steel products exports to Turkey exceeded the volume sent to the second major destination, Belarus (X tons), twofold. Uzbekistan (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-1.3% per year) and Uzbekistan (+4.5% per year).

In value terms, Turkey ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Russia, comprising 44% of total exports. The second position in the ranking was held by Belarus ($X), with a 21% share of total exports. It was followed by Uzbekistan, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-2.1% per year) and Uzbekistan (+4.2% per year).

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, declining by -23.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 88% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into the Russian Federation

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) imported into Russia reduced to X tons, waning by -9% on 2021. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 62% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, cold-rolled steel products imports contracted sharply to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Kazakhstan (X tons), Ukraine (X tons) and China (X tons) were the main suppliers of cold-rolled steel products imports to Russia, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cold-rolled steel products suppliers to Russia were China ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 78% share of total imports.

Among the main suppliers, China, with a CAGR of +27.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, declining by -13.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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