Russian Federation: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in the Russian Federation

The Russian hot-rolled free-cutting steel market expanded slightly to $X in 2021, increasing by 4.5% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Production in the Russian Federation

In value terms, hot-rolled free-cutting steel production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Hot-rolled free-cutting steel production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from the Russian Federation

In 2021, overseas shipments of hot-rolled bars in free-cutting steels decreased by -9.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 456% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel exports skyrocketed to $X in 2021. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 360%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for hot-rolled free-cutting steel exports from Russia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus totaled +29.4%.

In value terms, Belarus ($X) also remains the key foreign market for hot-rolled bars in free-cutting steels exports from Russia.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus stood at +24.6%.

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per ton in 2021, jumping by 77% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -2.7% per year.

Hot-Rolled Free-Cutting Steel Imports

Imports into the Russian Federation

In 2021, overseas purchases of hot-rolled bars in free-cutting steels were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 3,035%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, hot-rolled free-cutting steel imports soared to $X in 2021. Over the period under review, imports, however, showed a slight decline. The pace of growth was the most pronounced in 2014 when imports increased by 3,188% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X kg) constituted the largest hot-rolled free-cutting steel supplier to Russia, accounting for a 73% share of total imports. Moreover, hot-rolled free-cutting steel imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +14.5%.

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Russia, comprising 75% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +58.7%.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, picking up by 83% against the previous year. In general, the import price saw significant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 507% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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