Iron and Steel Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data was reported at 284.660 RUB in Jan 2019. This records an increase from the previous number of 279.450 RUB for Dec 2018. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data is updated monthly, averaging 132.160 RUB from Jan 1997 (Median) to Jan 2019, with 265 observations. The data reached an all-time high of 284.660 RUB in Jan 2019 and a record low of 20.710 RUB in Jul 1997. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA008: Average Consumer Price: Furniture and Ware.

The highest price for one metric ton of reinforcing steel in Russia was observed in the Far Eastern federal district in the first quarter of 2021 at ****** Russian rubles. Reinforcing steel price was more than ************* Russian rubles lower in the Volga federal district.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

Stainless products were the main import commodity of the steel mill industry into Russia in 2023, with an import value of over *** billion U.S. dollars. Furthermore, the import value of flat products exceeded *** million U.S. dollars in that year.

Russia Avg Consumer Price: Metal Ware: Steel Pot data was reported at 793.020 RUB in Jan 2019. This records an increase from the previous number of 767.210 RUB for Dec 2018. Russia Avg Consumer Price: Metal Ware: Steel Pot data is updated monthly, averaging 228.840 RUB from Jan 1995 (Median) to Jan 2019, with 289 observations. The data reached an all-time high of 793.020 RUB in Jan 2019 and a record low of 8.150 RUB in Jan 1995. Russia Avg Consumer Price: Metal Ware: Steel Pot data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA008: Average Consumer Price: Furniture and Ware.

Steel Railway Material Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Hot-Rolled Steel Products Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Among the presented trade partners, the highest value of Russian steel mill product imports in 2023 was recorded from China, at around *** billion U.S. dollars. India ranked second with an import value of almost *** million U.S. dollars, followed by Turkey and South Korea.

In 2023, approx. 96 tons of hot-rolled bars in free-cutting steels were exported from Russia; shrinking by -81.5% compared with 2022 figures.

Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data was reported at 2,221.700 RUB in Jan 2019. This records a decrease from the previous number of 2,288.370 RUB for Dec 2018. Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data is updated monthly, averaging 1,650.490 RUB from Jan 2004 (Median) to Jan 2019, with 181 observations. The data reached an all-time high of 2,312.620 RUB in Dec 2016 and a record low of 1,111.490 RUB in Jan 2004. Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA013: Average Consumer Price: Construction Materials.

168 Global export shipment records of Steel Bar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In 2017, imports of cast articles of iron or steel in Russia stood at X tons, jumping by X% against the previous year. Overall, imports of cast articles of iron or steel continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2008, when the imports increased by X% year-to-year. Russia imports peaked in 2017, and are likely to see steady growth in the immediate term.In value terms, imports of cast articles of iron or steel amounted to $X in 2017.

Price for Iron and Steel Wire in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Statistics illustrates monthly prices of alloy steel powders in Russia from January 2019 to November 2025.

Russia Avg Producer Price: OKPD2: Metallurgy: Steel Pipes: Seamless: Cold-Deformed: General Purpose data was reported at 110,924.330 RUB/Ton in May 2018. This records a decrease from the previous number of 129,996.950 RUB/Ton for Apr 2018. Russia Avg Producer Price: OKPD2: Metallurgy: Steel Pipes: Seamless: Cold-Deformed: General Purpose data is updated monthly, averaging 139,836.020 RUB/Ton from Jan 2017 (Median) to May 2018, with 17 observations. The data reached an all-time high of 141,504.060 RUB/Ton in Feb 2017 and a record low of 110,924.330 RUB/Ton in May 2018. Russia Avg Producer Price: OKPD2: Metallurgy: Steel Pipes: Seamless: Cold-Deformed: General Purpose data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB018: Average Producer Price: Metallurgy.

Iron or steel can imports into Russia soared to 68M units in 2023, rising by 27% compared with 2022.

Russia exported iron and steel worth over ** billion U.S. dollars in 2023, down from around ** billion U.S. dollars in the previous year, based on mirror data. The 2021 export value was the highest over the period under consideration.

Cold-Rolled Steel Products Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Snapshot img

Steel Market Size 2025-2029

The steel market size is valued to increase USD 307.4 billion, at a CAGR of 4.5% from 2024 to 2029. Urbanization and infrastructure development will drive the steel market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 67% growth during the forecast period.
By Type - Flat steel segment was valued at USD 797.80 billion in 2023
By Application - Structural steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 28.76 billion
Market Future Opportunities: USD 307.40 billion
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a significant player in the industrial sector, with a current size of over 1,300 million metric tons in annual production. This market's expansion is primarily driven by urbanization and infrastructure development, as steel is a crucial component in constructing buildings, bridges, and transportation systems. Additionally, there is a growing trend toward sustainable steel production, as companies seek to reduce their carbon footprint and meet increasing environmental regulations. However, the market faces challenges from trade barriers and protectionist policies, which can disrupt global supply chains and impact pricing. These issues can lead to volatility in the market and create uncertainty for businesses.
Despite these challenges, the steel industry continues to evolve, with innovations in production methods and materials driving efficiency and cost savings. As the world's population grows and urbanizes, the demand for steel is expected to remain strong, making it an essential commodity for businesses across various industries.

What will be the Size of the Steel Market during the forecast period?

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How is the Steel Market Segmented ?

The steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Flat steel
  Long steel


Application

  Structural steel
  Automotive steel
  Electrical steel
  Packaging steel


End-user

  Construction
  Transportation
  Machinery
  Metal goods
  Others


Method

  Basic oxygen furnace
  Electric arc furnace
  Open hearth furnace


Geography

  North America

    US
    Mexico


  Europe

    Germany
    Italy
    Russia


  Middle East and Africa

    Turkey


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The flat steel segment is estimated to witness significant growth during the forecast period.

In the ever-evolving market, flat steel, a significant sector, is characterized by its versatility and robustness. This category includes hot-rolled coils (HRC), cold-rolled coils (CRC), galvanized steel, tinplate, and steel plates, each designed to meet specific industrial demands. Hot-rolled steel sheets offer high yield strength and tensile strength, while cold-rolled steel sheets provide improved surface finish and formability. Galvanized steel coatings ensure corrosion resistance, making them ideal for harsh environments. The steel industry continues to innovate, with advancements in heat treatment processes, steel weldability, and microalloyed steel grades. Ductile iron properties and stainless steel grades cater to high-strength applications, while steel forming processes enhance production efficiency.

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The Flat steel segment was valued at USD 797.80 billion in 2019 and showed a gradual increase during the forecast period.

Steel quality control is ensured through non-destructive testing and microstructure analysis. The steel industry's focus on research and development has led to the emergence of high-strength low-alloy steel, which boasts impressive strength-to-weight ratios. A notable example of flat steel's impact is its extensive use in the automotive sector, where it contributes to the manufacturing of body panels and structural components. In fact, the automotive industry accounts for approximately 16% of global steel consumption. As the market continues to evolve, the demand for advanced materials and processing technologies will persist, driving innovation and growth within this essential industry.

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Regional Analysis

APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia-Pacific (APAC) region is experiencing significant growth, fueled by industrial expansion, infrastructure devel